News Detail

29 Apr 2019 17:53:00
The change of exercise price and exercise ratio of WIIK-W2
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                Right adjustment / No right adjustment

Subject                                  : Right Adjustment
Symbol                                   : WIIK-W2
The full name of warrant                 : Warrant of WIIK & HOEGLUND PUBLIC 
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
Position                                 : Chief Executive Officer

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