News Detail

Date/Time
24 Mar 2017 17:23:00
Headline
Notification the subscription of the newly issued ordinary share of Mudman Plc. to be offered for sale to entitled shareholders of the company
Symbol
SST
Source
SST
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                Pre-emptive Right

Subject                                  : Pre-emptive Right
Name of subsidiary or associated company :Mudman Public Company Limited
 which offers pre-emptive right
Type of allocated securities             : Common Shares
Number of allotted shares (shares)       : 41,437,135
Ratio (Company's shares : Subsidiary or  : 10 : 1
Associated's shares)
  Subscription period                    : From 29-Mar-2017 to 31-Mar-2017
Record date for the right to subscribe   : 16-Mar-2017
additional shares of subsidiary or 
associated company
Book closing date for collecting         : 17-Mar-2017
shareholders names under Section 225 of 
the Securities and Exchange Act
Ex-Other Benefits Date (XB)              : 14-Mar-2017
Remark                                   :
Sub Sri Thai Public Company Limited (the "Company") hereby to inform you 
regarding the progress of the offer for sale of the newly issued ordinary shares
in the initial public offering (IPO) of Mudman Public Company Limited ("MM"),
as well as the details and conditions in relation to the offer for sale of the
newly issued ordinary shares of MM to the Entitled Shareholders for the
Allocation of Shares (as defined below), as follows:
1.    On 9 February 2017, the Securities and Exchange Commission has approved the 
application for the issuance and offering of newly issued ordinary shares of MM
and the prospectus and the registration statement has become effective on 22
March 2017.
2.    MM has set the preliminary range of the offering price between Baht 5.00 - 
5.50 per share and the final offering price will fall under preliminary range of
the offering price and will be determined by book building approach. MM and
Lead Underwriter will jointly determine the final offering price and expected to
announce by 31 March 2017. The Entitled Shareholders are required to subscribe
at the highest price of preliminary range of the offering price at Baht 5.50 per
share. If the final offering price is lower than the subscribe price, Lead
Underwriter will return the difference between subscribe price and the final
offering price to subscribers. The Company will later announce the final
offering price through notification by the Company on the Stock Exchange of
Thailand ("SET") website and an announcement on the Company website
(www.subsrithai.co.th) and MM website (www.mudman.com).
3.    The subscription period for the newly issued ordinary shares of MM to be 
offered for sale to the Entitled Shareholders for the Allocation of Shares (as
defined below) is scheduled to be on 29, 30, and 31 March 2017 (totaling 3
business days). The details and conditions of such subscription are set out in
Part 3 of the registration statement and the prospectus of MM and the document
in relation to the subscription of the newly issued ordinary shares of MM, which
will be delivered by post to the Company only to the Entitled Shareholders for
the Allocation of Shares (as defined below) whose name are listed in the share
register of the Company as  at the Record Date on 16 March 2017, and the Book
Closing Date on 17 March 2017, to compile the list of Entitled Shareholders for
the Allocation of Shares (as defined below) in compliance with Section 225 of
the Securities and Exchange Act. B.E.2535 (including any amendment thereto).
MM, at its discretion, may not offer for sale or may not allocate the newly 
issued ordinary shares to any person or subscriber if such offer for sale or
allocation will, or may result in: (a) a violation of any laws, rules or
regulations of the Kingdom of Thailand or of any other countries, and/or the
Articles of Association of MM; or (b) additional compliance or any additional
action of MM other than that would be required under the relevant laws or
regulations regarding the issuance and offer for sale of securities under the
law of the Kingdom of Thailand; or (c) any non-compliance with the requirements,
procedures, or conditions required in the offer for sale or the allocation of
shares; or (d) MM is not complied with the free float criteria of the Stock
Exchange of Thailand. In this regard, the specific group of investors who are
the existing shareholders of the Company entitled to the allocation of shares
under aforementioned allocation restriction shall be referred to as the
"Entitled Shareholders for the Allocation of Shares". For the purpose not being
considered as in violation of the securities laws of other countries, or not
burdening MM with duties to perform any additional action other than that would
be required under the relevant laws or regulations regarding the issuance and
offer for sale of securities under the law of the Kingdom of Thailand, the
Company does not deliver the documents in relation to the subscription of the
newly issued ordinary shares of MM to any of its shareholders whose addresses as
shown in the share register are outside Thailand or has foreign nationality.
However, MM may offer for sale or allocate the shares to any investor or
subscriber who is foreign or is not resided in Thailand under the exception of
the foreign laws.
The Entitled Shareholders for the Allocation of Shares who wish to subscribe for
the newly issued ordinary shares of MM are able to make a subscription at the
Head Office of Maybank Kim Eng Securities (Thailand) Public Company Limited, 20
Fl., The Offices at Central World, 999/9, Rama 1 Road, Pathumwan, Bangkok,
10330, during the subscription period (from 9.00 - 16.00 hrs. during 29 - 31
March 2017)
The Company has post the document relation to the offer for sale of the newly 
issued ordinary shares of MM on the Company's website. The shareholders or
investors could download those documents on the Company's website
(www.subsrithai.co.th), MM's website (www.mudman.com), and could download MM's
prospectus from the website of the Office of the Securities and Exchange
Commission (www.sec.or.th)
______________________________________________________________________
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.