SYNTEC Concludes Share Buyback Program, Announces Dividend of THB 0.05 per Share – XD on September 30
SYNTEC has successfully completed its share buyback program, repurchasing a total of 10.36 million shares valued at THB 17.1 million. The company’s Board of Directors has also approved a dividend payment of THB 0.05 per share, with the ex-dividend date (XD) set for September 30, 2025, and the dividend payout scheduled for October 17, 2025.
Syntec Construction Public Company Limited (SYNTEC) announced that, as approved by the Board of Directors’ Meeting No. 2/2025 held on March 12, 2025, the company launched a share repurchase program for financial management purposes, with a maximum of 90,000,000 shares, or up to 5.66% of the company’s total paid-up shares, within a budget of THB 150 million. The repurchase period was set from March 18, 2025, to September 17, 2025.
The program has now concluded, with SYNTEC having repurchased a total of 10,362,200 shares, representing 0.65% of the company’s total paid-up shares, for a total value of THB 17,109,860.
Under relevant laws and regulations, the company may resell the repurchased shares no earlier than three months after the completion of the buyback program and no later than three years from the program’s end date. If the company fails to sell all repurchased shares within this period, it will be required to reduce its registered capital by canceling the unsold treasury shares.
Details regarding the timing and method of reselling the repurchased shares will be proposed to the Board of Directors for consideration and will be communicated to shareholders and relevant parties in due course.
In addition, at its meeting on September 17, 2025, the Board of Directors approved an interim cash dividend from the company’s performance for the period January 1, 2025, to June 30, 2025, at the rate of THB 0.05 per share (based on a par value of THB 1.00 per share). The XD date is set for September 30, 2025, with the dividend payment scheduled for October 17, 2025.
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