07 Nov 2016 18:15:00
Inform the postponement of the EGM of Shareholders No. 1/2016 due to the quorum was not constituted
7 November 2016 Subject: Inform the postponement of the Extraordinary General Meeting of Shareholders No. 1/2016 due to the quorum was not constituted To: President The Stock Exchange of Thailand Nation Broadcasting Corporation Public Company Limited (the "Company") has held the Extraordinary General Meeting of Shareholders No. 1/2016 on Monday 7 November 2016, at 13:30 hrs., at the Conference Room, 7th Floor, Nation University Tower, No.1854, Bangna-Trad Road K.M.4.5, BangnaSubdistrict, Bangna District, Bangkok 10260. Upon the lapse of one hour from the time fixed for the meeting commencement, the number of shareholders and proxies,who attended the meeting, having 86persons, holding the shares in aggregate of21,990,334shares, equivalent to 4.11 percentof the total number ofshares sold. Thus thequorum of meeting was not constituted according toSection 103 of the Public Limited Company Act B.E. 2535 (1992) and the Articles of Association of the Company,which states thatthe meeting of shareholders requires shareholders and proxies presenting at the meeting in the number of not less than twenty-five persons or not less than one-half of the total number of shareholders and having the shares in the amount of not less than one-third of the total number of shares sold to constitute a quorum. (In other words, in the meeting of shareholders shall havethe shareholders and proxies hold shares of not less than 178,478,870 shares of 535,436,609 shares, which is the total shares of the Company). As mentioned above, the Company is unable to conduct the meeting in accordance with Paragraph 2, Section 103 of the Public Limited Company Act B.E. 2535 (1992)stating that'In the event at any meeting of shareholders, upon the lapse of one hour from the time fixed for the meeting commencement, number of the shareholders present is insufficient to form a quorum under Paragraph 1; if such meeting is convened not because the shareholder have requested under Section 100, it shall be reconvened and the notice of meeting shall be sent to the shareholders not less than 7 days in advance of the date of the meeting. In the subsequent meeting no quorum is required.'Therefore, the Company is necessary to postpone the Extraordinary General Meeting of Shareholders No. 1/2016 and will arrange the new meeting, provided that the Company will inform and resend the invitation letter to all shareholders. In this regard, the details of the postponed meeting and other relevant details shall be informed to the shareholders soon. Please note that the shareholders, who are entitled to attend the postponed Extraordinary General Meeting of Shareholders No. 1/2016, shall be the same shareholders whose names appeared in the date to record the names of the shareholders who are entitled to attend the Extraordinary General Meeting of Shareholders No. 1/2016 (Record Date) which was scheduled on 26 October 2016, and the date to close the share register to list the names of the shareholders (Book Closing Date) in compliance with Section 225 of the Securities and Exchange Act B.E. 2535 (1992) (including any amendment thereto) which was scheduled on 27 October 2016. Please inform accordingly. Sincerely Yours, Nation Broadcasting Corporation Public Company Limited (Mr. ThepchaiSae Yong) For and on behalf of the Board of Directors ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.