Pioneer Motor Public Company Limited (PIMO) announced the conclusion of its second financial management share buyback program on September 1, 2026, having repurchased only 8,606,700 shares, representing 1.14% of total issued shares, with a total value of 9,154,932 baht. This fell short of the original target approved by the board of directors, which allowed for up to 27 million shares, or 3.56% of total shares, with a budget not exceeding 30 million baht. The buyback period lasted six months, from March 2 to September 1, 2026, and was conducted exclusively through the stock exchange. When combined with the previous buyback program, the company will hold cumulative repurchased shares of 33,400,000 shares, representing 4.41% of total shares, with a total value of 38,063,641 baht. The company may sell the repurchased shares after three months from the end of the program, but must do so within three years. If not all shares are sold, the company will be required to reduce its registered capital by canceling the repurchased shares. Details of the sale will be proposed to the board of directors for further consideration.
Pioneer Motor Public Company LimitedSecond buyback repurchased only 8.6M of 27M targeted shares, falling well short of the board-approved program.
