News Detail

Date/Time
03 Jan 2020 08:30:00
Headline
"NP" sign posted on RML for failure to appoint audit committee members as required by the SET
Symbol
RML
Source
SET
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                Sign posted

Subject                                  : Notice pending (NP) sign posted
Security Symbol
  - RAIMON LAND PUBLIC COMPANY LIMITED (RML)
Sign posted                              : NP
Sign posted on (date)                    : 03-Jan-2020
Reason                                   :
The number of audit committee members is not sufficient as specifed by SET.
Remark                                   :
"NP" sign posted on RML for failure to appoint audit committee members as 
required by the SET

As Raimon Land Public Company Limited (RML) informed the resignation of 1 audit 
committee member effective on October 1, 2019 (Details as shown on RML's news on
 October 1, 2019)

Presently, RML has been unable to appoint the audit committee member within 3 
months as required by the Stock Exchange of Thailand (SET)'s regulation.
Therefore, according to the procedures for the listed company that fails to meet
the audit committee member requirement, the SET has posted "NP" (Notice
Pending) sign on RML's securities effective from January 3, 2020 until RML
appoints the audit committee member as required by the rules.

Furthermore, in the case that RML is unable to appoint the audit committee 
member within the SET deadline; the SET will proceed as follows.
1. Post "SP" (Suspension) sign to suspend trading of RML's securities on April 
3, 2020, if after three months of carrying the "NP" sign, RML still has not met
the audit committee member requirement.
2. Announce that RML may be delisted, if after three months of carrying the "SP"
sign, the audit committee member requirement is still not met. Then, the SET
may delist RML's securities if the company still cannot meet the SET's audit
committee member requirement.
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