Bangkok: The cooperative holding a 12.46% stake in Thai Airways has signed a Memorandum of Understanding (MOU) affirming that it will not immediately sell its shares once the lock-up period ends.
According to Thai News Agency, a coalition of savings cooperatives, which are shareholders of Thai Airways, has taken a significant step by signing an MOU to establish a committee dedicated to overseeing the management of their shares. The coalition emphasized their commitment to not immediately selling their shares after the lock-up period, with the aim of supporting the share price and maintaining stability within the capital market.
The alliance of savings cooperatives released a joint statement concerning their strategy for managing the ordinary shares of Thai Airways Public Company Limited (THAI) post-lock-up period expiration. On January 30, 2026, a group of allied credit unions, which collectively holds 12.46% of the total issued and paid-up shares of THAI, formalized their intention to manage these shares through a unified process. A "Committee" has been established to act as a liaison between the various cooperatives, ensuring that future actions are efficient, fair, transparent, and subject to audit. These actions will be guided by advice from a financial advisor, share sales representative, or underwriter to be appointed, in compliance with all applicable laws and regulations.
The allied group of credit unions expresses confidence in the fundamentals of Thai Airways, its ability to generate stable performance, and its continued growth opportunities. Each cooperative within the group maintains a strong financial position, with sufficient liquidity and cash flow for operations, as well as the ability to pay dividends. The alliance has agreed not to immediately sell its Thai Airways shares after the lock-up period, which begins on February 4, 2026.
Future sales of shares by partner credit unions will be subject to the same coordinated process. They will be considered jointly and carefully, taking into account various factors such as appropriate share pricing reflecting fundamentals, timing of the sale, feedback from the investment demand survey process, and overall capital market conditions. This approach aims to maintain share price stability, uphold investor confidence, and prevent significant impacts on share prices and the capital market as a whole.