Syntec Construction Public Company Limited, or SYNTEC, informed the Stock Exchange of Thailand on 24 September 2026 that its share buyback programme for financial management, or Treasury Stock, came to an end on 24 September 2026, after being approved by the company's board of directors meeting on 18 March 2026. The programme set a maximum buyback budget of no more than 150 million baht and a maximum number of shares to be repurchased of no more than 88 million shares, or no more than 5.57% of total issued shares, with purchases to be made through the Stock Exchange of Thailand's automatic matching system between 25 March and 24 September 2026. However, throughout the entire duration of the programme, the company did not buy back any shares at all, because economic conditions and the capital market were highly volatile amid the conflict between the United States and Iran, prompting the company to consider share repurchases with great caution. The company gave priority to the appropriateness of price levels, liquidity and cash flow management, and after assessing the situation concluded that conditions and timing were not yet favourable, and therefore decided to refrain from buying back shares under the programme until the programme period ended.
Syntec Construction Public Company LimitedSYNTEC's 150-million-baht buyback programme expired without repurchasing any shares, citing volatile market conditions from the US-Iran conflict.
