SET hastens free-float share calculation changes

The Stock Exchange of Thailand (SET) is expediting revisions on methods to calculate free-float shares of listed firms to more accurately determine the actual amount of shares available to the public.

The self-regulating agency insists on maintaining the required percentage of the minimum free float at 15-20%, in line with international standards.

“The current percentage of free-float shares required at 15-20% is adequate, but the calculation methodology must be revised to reflect the actual amount of free-float shares available in the market,” said Pakorn Peetathawatchai, the SET president.

Free float, also known as public float, refers to the shares of a company that can be publicly traded and are not restricted or held by the company’s shareholders or insiders. Mr Pakorn said shares under the category of free float that have not been traded or moved for a long…