News Detail

Date/Time
13 Mar 2018 19:25:00
Headline
Resolution of BOD's Meeting regarding no dividend payment, capital increase under general mandate, issuance of warrant (SST-W2), schedule of AGM 2018
Symbol
SST
Source
SST
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                Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
proceeds
Date of Board resolution                 : 13-Mar-2018
Number of additional common shares       : 30,387,188
(shares)
Total of additional shares (shares)      : 30,387,188
Par value (baht per share)               : 1.00
Type of allocated securities             : Common shares
  Allocated to                           : Reserved shares for the exercise of 
convertible securities
    Number of allotted shares (shares)   : 30,387,188
______________________________________________________________________

Issued Convertible Securities

Subject                                  : Issued convertible securities
Date of Board resolution                 : 13-Mar-2018
Type of allocated securities             : Warrants
  Allocate to                            : Existing common shareholders
    Number of allotted warrants (units)  : 30,387,188
    Reserved shares for the exercise of  : Common shares
warrants
    Number of additional shares (shares) : 30,387,188
    Ratio (Existing shares : Warrant)    : 15 : 1
    Record date for the right to receive : 07-May-2018
 warrants
    Ex-rights date                       : 04-May-2018
    Offering price (baht per unit)       : 0
    Description of warrants
      Warrant Symbol                     : SST-W2
      Name of warrant                    : Warrant to Purchase Ordinary Shares 
of Sub Sri Thai Plc. No. 2
      Exercise ratio (warrant : share)   : 1 : 1
      Exercise price (baht per share)    : 10.00
      Term of warrants                   :
    3 years from the issuance date of the Warrants
______________________________________________________________________

Increasing Capital

Subject                                  : Issuance  of Additional Shares Under 
a General Mandate
Date of Board resolution                 : 13-Mar-2018
Number of additional common shares       : 273,484,692
(shares)
Total of additional shares (shares)      : 273,484,692
Par value (baht per share)               : 1.00
Type of allocated securities             : Common shares
  Allocated to                           : Private placement
    Number of allotted shares (shares)   : 45,580,782
    % of Paid-Up capital as of capital   : 10.00
increase BOD resolution date
  Allocated to                           : Public offering
    Number of allotted shares (shares)   : 91,161,564
    % of Paid-Up capital as of capital   : 20.00
increase BOD resolution date
  Allocated to                           : Reserved shares for TSR exercise
    Number of allotted shares (shares)   : 136,742,346
    % of Paid-Up capital as of capital   : 30.00
increase BOD resolution date
______________________________________________________________________

Schedule of Shareholders' meeting

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 13-Mar-2018
Shareholder's meeting date               : 26-Apr-2018
Beginning time of meeting (h:mm)         : 10 : 00
Record date for the right to attend the  : 27-Mar-2018
meeting
Ex-meeting date                          : 26-Mar-2018
Significant agenda item                  :
  - Omitted dividend payment
  - Capital increase
  - The issuance of convertible securities
Venue of the meeting                     : at seminar room 4 - 6, Royal Golden 
Jubilee Building, No. 2, Soi Soonvijai, New Petchaburi Road, Bangkapi, Huai
Khwang, Bangkok
______________________________________________________________________

Issued Convertible Securities

Subject                                  : Issued convertible securities
Date of Board resolution                 : 13-Mar-2018
Type of allocated securities             : Transferable Subscription Rights 
(TSR)
  Allocate to                            : Existing common shareholders
    Number of allotted TSR (units)       : 136,742,346
    Reserved shares for the exercise of  : Common shares
TSR
    Number of additional shares (shares) : 136,742,346
______________________________________________________________________

Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 13-Mar-2018
Omitted dividend payment from            :
    Operating period from 01-Jan-2017 to 31-Dec-2017
______________________________________________________________________
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