ttb Clarifies ING Share Reduction to 11.6 Percent, Reaffirming No Impact on Core Strategy and Operations

Brickinfo News Agency – TMBThanachart Bank Public Company Limited (ttb) has issued an official statement following an announcement by ING Bank N.V. (ING) regarding the private placement sale of bank shares valued at approximately EUR 475 million, confirming that the divestment will not affect its operations, management structure, or strategic direction.

The transaction, announced on 18 August 2026, involves the sale of ordinary shares to institutional investors as part of ING's capital management strategy. Upon completion of settlement and securities delivery on 21 August 2026, ING will see its stake in ttb decrease from 19.5% to 11.6% of total issued and outstanding shares, excluding treasury shares.

In its clarification to the Stock Exchange of Thailand, ttb noted that the move was an independent decision by the shareholder without the bank's prior knowledge or involvement. The bank highlighted that conducting the transaction through an off-market private placement protects the main board from direct secondary market selling pressure while enhancing the stock's overall free float and supporting long-term trading liquidity.

The bank affirmed that the change in shareholding will not impact its corporate governance, strategic initiatives, or executive leadership, which remains fully managed by its local executive team, while ING's role continues strictly at the board level.

Mr. Piti Tantakasem, Chief Executive Officer of ttb, reiterated the bank's focus on sustainable shareholder returns through dividend payouts and its ongoing share repurchase program, which carries a total authorization of THB 35 billion from 2025 to 2028. To date, the bank has executed share buybacks worth THB 21 billion, leaving a remaining balance of THB 14 billion to be deployed based on market conditions.