Starflex Public Company Limited (SET:SFLEX) announces a share repurchase program. Under the program, the company will repurchase up to 19,000,000 shares, representing 2.32% of its issued share capital for THB 50 million. The shares will be repurchased at a price not exceeding the average closing price of 5 days, prior to each repurchase date plus 115% of such average closing price.

The purpose of the program is to increase the return on equity, earnings per share and book value per share; maximize the benefits of the company?s excess liquidity and to conduct confidence to company?s shareholders. The repurchase program will expire on September 27, 2024. As of March 15, 2024, the company had 820,005,059 issued and outstanding shares.