The share price of Siam Makro Public Company Limited (SET: MAKRO) rose 4% to THB39.00 per share in the morning session on Thursday after the company announced that it completed the readjustment of its free float to meet the requirement.
The company stated that according to the Stock Exchange of Thailand ( SET) stated that MAKRO had not met free-float requirements for more than two consecutive years. Referring to the Regulation of the Stock Exchange of Thailand Re: Listing of Ordinary Shares or Preferred Shares as Listed Securities B.E. 2558 (2015) concerning the Maintaining the Status of Listed Companies on the Exchange, it is required listed firms must have at least 150 minority shareholders, holding at least 15% of a company’s paid-up capital, as shown on the shareholder list used for a company’s annual general meeting of shareholders.
MAKRO has now met the free-float requirement regarding the distribution of minor shareholding with 110,182 minority shareholders and holding in aggregate 15.04% of its paid-up capital.
The new adjustment will allow the company to be considered in the Dow Jones Sustainability Indices (DJSI).
