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Repurchase Shares from Shareholders for Financial Management Purposes Altered by Diamond Building Products Public Company Limited

Strategic Insights

— 1 min read

The Stock Exchange of Thailand announced that Diamond Building Products Public Company Limited ("Company") has altered the repurchase shares program from shareholders for financial management purposes. The company's Board of Directors revised the plan due to the current Thai stock market downturn, making it unsuitable for the distribution of repurchased shares at this time. The new plan will be determined by the Board of Directors and informed to investors accordingly.

Key Takeaways:

  • The original repurchase shares plan from shareholders for financial management purposes was approved by the Board of Directors on March 4, 2025, and was set to expire on July 15, 2026.
  • Due to the Thai stock market downturn, the Board of Directors has decided to cancel the distribution of repurchased shares at this time.
  • The new plan will determine the period for the resale of the repurchased shares, considering it suitable and appropriate, and will inform investors accordingly.
  • The revised plan extends the period for the resale of the repurchased shares by not having a fixed end date, which was previously set for July 15, 2026.
  • The decision to alter the repurchase shares plan was made at the Board of Directors' Meeting No. 400 on June 30, 2025.
  • The new plan will be implemented after 3 months from the completion date of the share repurchase, but no later than 3 years from the completion date.

Statistics:

  • The original repurchase shares plan from shareholders for financial management purposes was approved on March 4, 2025.
  • The Thai stock market downturn caused the company to reconsider the distribution of repurchased shares.
  • The revised plan will be determined by the Board of Directors at a suitable and appropriate time.
  • The resale of repurchased shares will occur after 3 months from the completion date, but no later than 3 years from the completion date.
  • July 15, 2026, was the original expiration date for the resale of repurchased shares.

Sources:

  • Attachment 1: Repurchase Shares from Shareholders for Financial Management Purposes (Form TS-2.2)
  • Company announcement from the Stock Exchange of Thailand, dated June 30, 2025

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