Thoresen Thai Agencies makes bold move by buying shares in Valeura Energy

In Thailand, on December 9, 2024, Thoresen Thai Agencies Public Company Limited (TTA) announced a significant acquisition of shares in Valeura Energy Inc. This acquisition includes a total of 2,839,400 common shares, which were purchased through various open market transactions conducted between November 23, 2023, and December 9, 2024, on the Toronto Stock Exchange (TSX). The shares were acquired at an average price of C$5.29 per common share, leading to a cumulative purchase price of C$15,020,426. This move reflects TTA's ongoing strategy in expanding its investment portfolio, emphasizing its commitment to boosting shareholder value through strategic investments in various sectors. The acquisition resulted in TTA increasing its total holdings in Valeura to 15,049,500 common shares, which corresponds to approximately 14.07% of the total issued and outstanding common shares of Valeura. This change indicates a shift greater than 2% from TTA's prior ownership noted in an earlier report filed on November 23, 2023, where they mentioned holding 12,210,100 common shares, constituting about 12.01% of Valeura's total shares. TTA's acquisition strategy is primarily focused on investment purposes, which suggests potential for further purchases or sales based on fluctuating market conditions and other influencing factors. In line with regulatory requirements, TTA has registered their early warning report regarding this significant share purchase on the System for Electronic Document Analysis and Review (SEDAR) to maintain transparency in their operations and ownership changes.