Post by account_disabled on Dec 28, 2023 10:06:27 GMT
Bank stock prices weaken Kasikorn Bank plans to use excess liquidity to buy back 23.93 million shares, not exceeding 4,600 million baht, indicating strong capital funds. Sufficient liquidity to support long-term business and announced approval of dividend payment For operating results in 2019, the rate was 5.00 baht per share, an increase from the previous year. paid at the rate of 4.00 baht per share Mr. Banthoon Lamsam, Chairman of the Board Kasikorn Bank revealed that the bank's board of directors has approved the bank to implement a share repurchase program. To manage the bank's financial liquidity for maximum benefit to the bank and shareholders. It will buy back the bank's shares on the main board of the Stock Exchange. Maximum not exceeding 23.93 million shares or not exceeding 1% of all outstanding shares. In an amount not exceeding 4,600 million baht, the period for repurchasing shares is 10 business days between
14-27 February 2020. The offer price will not exceed the average closing price of shares5. The trading day before the share repurchase date plus 15% of the average closing price. The money used to repurchase shares will be cash from the bank's internal liquidity. During this period, the prices of most stocks on the stock exchange Including the stocks of the commercial banking group continued to weaken. Meanwhile, Kasikorn Bank has WhatsApp Number List total capital to risk assets (CAR) as high as 19.62%, which is strong enough to support operations according to the bank's strategic and business plans, BASEL 4 standards, and factors that may result. future impact In addition, the bank still has sufficient financial liquidity. In particular, the bank's unallocated accumulated profits are as high as 299,217 million baht. The project to buy back shares from the stock exchange will result in the bank having liquid assets. and the book value of shareholders' equity decreased and can effectively manage excess liquidity and capital funds If the bank is able to repurchase shares in full according to the set amount. This will cause the bank to have liquid.
assets and the book value of shareholders' equity to decrease by an amount equal to the said share repurchase limit. This will result in a higher return on equity (ROE) and earnings per share (EPS). This is after the shares have been repurchased. In the future, the bank's board of directors may consider selling the repurchased shares on the stock exchange. or offered for sale to the general public It depends on the appropriateness, circumstances, and factors involved at that time. The method for selling shares will be considered and notified again. The time period for selling back shares will be made after purchasing shares for 6 months but not more than 3 years, which is in accordance with relevant regulations and laws. In addition, the Bank's Board of Directors There was also a resolution to approve the payment of dividends from operating results in 2019 to ordinary shareholders at the rate of 5.00 baht per share and because the bank had already paid interim dividends on September 26, 2019 at the rate of 0.50 baht per share. Pay another final dividend at the rate of 4.50 baht per share. The names of shareholders who are entitled to receive dividends will be determined on April 10, 2020 and dividend payments to shareholders will be scheduled for April 30, 2020, which will be submitted for approval. to the 2020 Annual General Meeting of Shareholders, in the past year The bank pays dividends at the rate of 4.00 baht per share.
14-27 February 2020. The offer price will not exceed the average closing price of shares5. The trading day before the share repurchase date plus 15% of the average closing price. The money used to repurchase shares will be cash from the bank's internal liquidity. During this period, the prices of most stocks on the stock exchange Including the stocks of the commercial banking group continued to weaken. Meanwhile, Kasikorn Bank has WhatsApp Number List total capital to risk assets (CAR) as high as 19.62%, which is strong enough to support operations according to the bank's strategic and business plans, BASEL 4 standards, and factors that may result. future impact In addition, the bank still has sufficient financial liquidity. In particular, the bank's unallocated accumulated profits are as high as 299,217 million baht. The project to buy back shares from the stock exchange will result in the bank having liquid assets. and the book value of shareholders' equity decreased and can effectively manage excess liquidity and capital funds If the bank is able to repurchase shares in full according to the set amount. This will cause the bank to have liquid.
assets and the book value of shareholders' equity to decrease by an amount equal to the said share repurchase limit. This will result in a higher return on equity (ROE) and earnings per share (EPS). This is after the shares have been repurchased. In the future, the bank's board of directors may consider selling the repurchased shares on the stock exchange. or offered for sale to the general public It depends on the appropriateness, circumstances, and factors involved at that time. The method for selling shares will be considered and notified again. The time period for selling back shares will be made after purchasing shares for 6 months but not more than 3 years, which is in accordance with relevant regulations and laws. In addition, the Bank's Board of Directors There was also a resolution to approve the payment of dividends from operating results in 2019 to ordinary shareholders at the rate of 5.00 baht per share and because the bank had already paid interim dividends on September 26, 2019 at the rate of 0.50 baht per share. Pay another final dividend at the rate of 4.50 baht per share. The names of shareholders who are entitled to receive dividends will be determined on April 10, 2020 and dividend payments to shareholders will be scheduled for April 30, 2020, which will be submitted for approval. to the 2020 Annual General Meeting of Shareholders, in the past year The bank pays dividends at the rate of 4.00 baht per share.