Sri Trang Gloves (Thailand) Completes THB 816 Million Share Repurchase Program

Date: 20 March 2026

Company: Sri Trang Gloves (Thailand) Public Company Limited (STGT)

Key Points of the Report

• The Board of Directors of Sri Trang Gloves (Thailand) Public Company Limited approved a share repurchase program for financial management purposes, also known as Treasury Stock.
• The program had a maximum allocation of THB 1,500 million and targeted up to 220 million shares, representing no more than 7.68% of the company’s paid-up shares.
• Repurchases were conducted exclusively via automatic order matching on the Stock Exchange of Thailand.
• The buyback window was set for up to six months, from 22 September 2025 to 20 March 2026.
• At completion, STGT had repurchased 100,179,910 shares, amounting to 3.50% of the company’s total paid-up shares. The aggregate value paid for these shares was THB 816,788,612.

Important Information for Shareholders

• The share repurchase did not reach the maximum planned target, completing at less than half the intended volume (only 100.18 million shares repurchased out of the 220 million allowed).
• The program utilized only about 54% of the allocated capital (THB 816.8 million out of THB 1,500 million), which may suggest either less aggressive buying or market conditions that prevented further repurchases.
• According to Thai securities regulations, the company must hold these repurchased shares for at least three months before disposing or reselling them. The disposal period can extend up to three years from the completion date.
• If STGT is unable to dispose of (resell) these shares within three years, it will be legally required to cancel the undivested shares and reduce its paid-up registered capital accordingly.
• The determination of the actual disposal period is pending Board of Directors approval. Investors should watch for further announcements regarding the timing and method of any potential resale or cancellation.

Potential Impact on Share Price

• This buyback is price sensitive: Share repurchases can signal management’s confidence in the company’s value and may support or increase share prices by reducing the number of shares outstanding.
• The incomplete repurchase (less than maximum) may signal either market constraints or a shift in management strategy, which investors should monitor.
• Future actions regarding disposal or cancellation of these shares could materially impact the company’s capital structure and, subsequently, share value.
• Any eventual resale of treasury shares, or a reduction in capital, could affect liquidity and supply in the market, influencing price movements.

Additional Details

• The notification was signed by Miss Thanawan Sa-ngiamsak, Director and Chief Financial Officer.
• Further announcements will be made once the Board approves the disposal period for the repurchased shares.
• No specific reasons for the underutilization of the repurchase program were provided, which may require clarification from management.

Investor Actions & Considerations

• Investors should monitor future disclosures by STGT regarding the resale or cancellation of treasury shares.
• The capital management actions taken by the company could affect future dividend policies, earnings per share, and overall shareholder value.
• Any further board resolutions or regulatory actions should be regarded as important for investment decisions.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial advisors before making any investment decisions. The author does not guarantee the accuracy or completeness of the information provided, and opinions expressed are not necessarily those of Sri Trang Gloves (Thailand) Public Company Limited or its management.

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