Nation Thailand
THAI’s 70% share lock-up expiry puts focus on market supply
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Thai Airways International has notified the Stock Exchange of Thailand that more than 19.8 billion shares, or 70% of all issued shares, will be released from selling restrictions after August 3, 2026, raising market attention over potential share sup
Key facts
- The first certificate, covering 25% of the shares allocated to each creditor, completed its lock-up period on February 3, 2026
- The second certificate, covering the remaining 75%, will be released after August 3, 2026.
- THAI’s information memorandum showed that a total of 26.4 billion shares, or 93.3% of paid-up capital, were subject to trading restrictions
- Of these, 6.6 billion shares, or 23.3%, became eligible for sale after six months, while the remaining 19.8 billion shares, or 70%, become eligible after one year from the date THAI resumed trading on the SET.
- Chai Eamsiri, chief executive officer of Thai Airways International Plc, said the company had completed its debt-to-equity conversion and new ordinary share offering under its business rehabilitation plan.
- These shares, representing 55% of paid-up capital, were deposited in scripless form in the issuer account with Thailand Securities Depository
Summary
Chai Eamsiri, chief executive officer of Thai Airways International Plc, said the company had completed its debt-to-equity conversion and new ordinary share offering under its business rehabilitation plan.
The key market issue now is not an immediate sale of shares, but the removal of restrictions that would allow a large block of shares to become tradable.