15 Dec 2016 17:07:00
The Signing of the Shareholders Agreement
AUCT-OP 333/2559 15 December 2016 Subject: The Signing of the Shareholders Agreement To: The President The Stock Exchange of Thailand The Board of the Directors' Meeting No. 4/2016 which was held on 9 August 2016 has approved the Company to invest jointly in the new entity with TSF Energy Co., Ltd., TSF's subsidiary, named Action and Auction Company Limited, Memorandum of Understanding has been signed by the shareholders. Moreover the Board of the Directors' Meeting No. 6/2016 which was held on 14 October 2016 has approved the Company to invest in Action and Auction Company Limited to increase the revenue for the Company. Shareholding proportion: (1) Union Auction Public Company Limited holds 50.998% (2) TSF Energy Co., Ltd. holds 24% (3) Pearl and Dean Media Service Co., Ltd. holds 15% (4) Athajak Co., Ltd. holds 5% (5) Mr. Baupit Thurachon holds 5% (6) Miss Poonsilp Kaewchumnong holds 0.001% (7) Mr. Kriangsak Tamraksa holds 0.001% The Company would like to announce that, on 15 December 2016, Shareholders Agreement of Action and Auction Company Limited has been signed by the shareholders. The registration of Action and Auction Company Limited will be completed within 31 January 2017. Please be informed accordingly. Yours sincerely, Union Auction Public Company Limited -Signature- (Mr. Thepthai Sila) Director Authorized Signatory ______________________________________________________________________ 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.