29 Apr 2019 17:53:00
The change of exercise price and exercise ratio of WIIK-W2
Right adjustment / No right adjustment Subject : Right Adjustment Symbol : WIIK-W2 The full name of warrant : Warrant of WIIK & HOEGLUND PUBLIC COMPANY LIMITED No. 2 Adjustment Type of adjustment : Adjustment of exercise price and exercise ratio Before exercise price (THB/share) : 5.00 After exercise price (THB/share) : 4.221 Before adjustment exercise ratio : 1 : 1 (unit : share) After adjustment exercise ratio : 1 : 1.185 (unit : share) The reason for adjustment : As the Annual General Meeting of Shareholders 2019 of Wiik & Hoeglund Public Company Limited on April 23, 2019, approved the allocation of retained earnings to be statutory reserve amount of Baht 3,880,943 and Baht 0.197 per share of dividends payment by paying dividend in the form of cash and stock dividend to the Company's shareholders. The number of ordinary shares that are entitled to receive dividends, is total of 374,938,533 shares with details of dividend payment as follows: (1) Paying in cash at a rate of Baht 0.03 per share, total of Baht 11,248,156. (2) Paying as stock dividend to the Company's existing shareholders at the rate of 6 existing shares per 1 stock dividend by total stock dividend of 62,489,756 shares with a par value of 1 Baht each, total of Baht 62,489,756 representing the stock dividend payment at the rate of Baht 0.167 per share. In the event that any shareholder has the fraction of the existing shares after the allocation of the stock dividend, determined to pay cash dividend instead of paying stock dividend at the rate of Baht 0.167 per share. The approval of such dividend payment has an effect on the right adjustment of warrants to purchase ordinary shares of the Company No.2 (WIIK-W2) as the terms and conditions on article 4.2 (d) Page 15 and article 4.2 (e), page 16 which have to adjust the exercise price and the exercise ratio of warrants to protect the rights of WIIK-W2 holders as follows. Article 4.2 (d) The Company pays dividends, in whole or in part, in form of ordinary shares to shareholders of the Company. Article 4.2 (e) The Company pays dividends in excess of 60% of its net profit according the separate financial statements after tax in any accounting period during the tenor of the Warrants, whether it is paid from the net profit or retained earnings. Effective date for adjustment : 30-Apr-2019 Authorized Persons to Disclose : Mr.Wiboon Sangwithayanon Information Position : Chief Executive Officer ______________________________________________________________________ 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.