Stars Microelectronics (Thailand) Completes Share Repurchase Project

Strategic Insights -

The Stock Exchange of Thailand has confirmed that Stars Microelectronics (Thailand) Public Company Limited has successfully completed its share repurchase project, as resolved in its 5th/2024 board meeting on November 7, 2024. The project involved repurchasing up to THB 250 million worth of shares, not exceeding 80,000,000 shares or 9.7% of the total paid-up capital. The repurchase took place from November 14, 2024, to May 13, 2025, during which the company acquired 15,536,200 shares worth THB 20,518,235.

Key Takeaways:

  • The company's board of directors approved a project to repurchase shares worth up to THB 250 million at its 5th/2024 meeting on November 7, 2024.
  • The repurchase would cover up to 80,000,000 shares, representing approximately 9.7% of the total paid-up capital of the company.
  • The repurchase took place from November 14, 2024, to May 13, 2025.
  • A total of 15,536,200 shares worth THB 20,518,235 were repurchased, representing 1.87% of the total paid-up capital.
  • The company may sell the repurchased shares after a 6-month holding period, up to a maximum of 3 years.
  • The sale of repurchased shares is scheduled to take place from August 14, 2025, to April 30, 2027.
  • If the shares are not sold within the specified timeframe, the company will be required to reduce its registered capital by canceling the repurchased shares that have not been sold.

Statistics:

  • Total amount allocated for share repurchase: THB 250,000,000
  • Maximum number of shares to be repurchased: 80,000,000
  • Actual number of shares repurchased: 15,536,200
  • Percentage of total paid-up capital represented by repurchased shares: 1.87%
  • Total value of repurchased shares: THB 20,518,235
  • Duration of share repurchase: November 14, 2024, to May 13, 2025
  • Duration of sale of repurchased shares: August 14, 2025, to April 30, 2027

Sources:

  • Stock Exchange of Thailand