Ttb Shareholders Approve 35 Billion Baht Share Buyback Expansion

Prachachat•Economy•81d ago

Reader Briefing

Ttb shareholders have approved an increase in its share buyback program to 35 billion baht, extending the timeline to four years and introducing a General Offer for the fourth phase to manage market volatility.

•Ttb shareholders approved expanding the share buyback program to 35 billion baht, spanning four years from 2025 to 2028.
•The bank is initiating its fourth share buyback, a General Offer, from May 25, 2026, to June 9, 2026, with a budget of 9,245 million baht.
•This move is a response to unexpected market volatility caused by Middle East conflicts, impacting the efficiency of the previous automated matching method.
•The total capital adequacy ratio (CAR) is projected to remain above 19.0% after the fourth buyback, exceeding the Bank of Thailand's minimum requirement.

Overview

•On April 21, 2026, TTB's shareholders meeting approved the expansion of the share buyback program.
•The buyback program was expanded to 35,000 million baht from the previous 21,000 million baht.
•The timeframe for the buyback program was extended to 4 years, from 2025 to 2028.
•The expansion and adjustment were made to manage market volatility and increase project efficiency.
•TTB is currently undertaking its third share buyback, which will now end earlier on May 5, 2026.
•TTB will commence its fourth share buyback using a General Offer from May 25, 2026, to June 9, 2026.
•The budget for the fourth share buyback is 9,245 million baht, with an estimated price range of 2.20 to 2.28 baht per share.
•The Capital Adequacy Ratio (CAR) is projected to remain above 19.0% after the fourth buyback, significantly exceeding the Bank of Thailand's minimum of 12.0%.

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Key Quotes

Piti Tantakasem

"Adopting the General Offer method will reduce market uncertainty and increase project efficiency, as the share buyback period will be only 10 business days."

การปรับมาใช้วิธี General Offer จะช่วยลดปัจจัยไม่แน่นอนจากภาวะตลาด และเพิ่มประสิทธิภาพโครงการ เนื่องจากใช้ระยะเวลาในการซื้อหุ้นคืนเพียง 10 วันทำการ

Key Entities

Organization

Ttb(ทีทีบี)ℹ️

Ttb is a bank whose shareholders approved an expansion of the share buyback program.

The Bank(ธนาคาร)ℹ️

Refers to Ttb in this context, highlighting its actions regarding the share buyback program.

BOT(ธปท.)ℹ️

The Bank of Thailand, which sets the minimum capital adequacy ratio requirements for banks.

Person

Piti Tantakasem(นายปิติ ตัณฑเกษม)

Piti Tantakasem is the Chief Executive Officer of Ttb, who commented on the share buyback program.