18 Mar 2020 17:23:00
Cancellation of increase of the registered capital, cancellation of Whitewash, cancellation of connected transaction and the revised agenda of Annual General Meeting of Shareholders No. 36/2020
Schedule of Shareholders' meeting Subject : Schedule of Annual General Meeting of Shareholders Date of Board resolution : 21-Feb-2020 Shareholder's meeting date : 24-Apr-2020 Beginning time of meeting (h:mm) : 15 : 00 Record date for the right to attend the : 06-Mar-2020 meeting Ex-meeting date : 05-Mar-2020 Significant agenda item (Update) : - Cash dividend payment - Issuance of debentures - Reduction of the registered capital Venue of the meeting : The Grand Hall Meeting Room of Bangkok Club, 28th Floor, Sathorn City Tower ______________________________________________________________________ Dividend payment / Omitted dividend payment Subject : Cash dividend payment Date of Board resolution : 21-Feb-2020 Type of dividend payment : Cash dividend payment Record date for the right to receive : 06-Mar-2020 dividends Ex-dividend date : 05-Mar-2020 Payment for : Common shareholders Cash dividend payment (baht per share) : 1.72 Par value (baht) : 5.00 Payment date : 13-May-2020 Paid from : Operating period from 01-Jan-2019 to 31-Dec-2019 and retained Earnings ______________________________________________________________________ Increasing Capital Status : Canceled Reason : Due to the current economic situation which is slowing down and the uncertainty and worry of the Covid-19 that has occurred both in Thailand and around the world, which has a severe impact on the stock market dropped more than 300 points during the past 2 weeks and continuously affect the price of the company's shares. The stock market fluctuates unpredictably and there is no clear trend when the said condition will be ended. The Board of Directors therefore considered and agreed to cancel the resolutions regarding capital increase, the issuance and offer for sale of the Company's newly increased ordinary shares, the waiver from mandatory tender offer by using the resolution of shareholders' meeting (Whitewash), and the entering into transaction with a connected person. In this regards, the Company will use other sources of fund such as loans from bank and debentures as working capital for the automobile hire purchase business to substitute the proceeds received from the capital increase of approximately Baht 2,345 million. This cancellation of capital increase does not affect the company's operations. The company will consider capital increase again once the capital markets situation is more conducive. Subject : Specifying the purpose of utilizing proceeds Date of Board resolution : 21-Feb-2020 Number of additional common shares : 117,298,546 (shares) Total of additional shares (shares) : 117,298,546 Par value (baht per share) : 5.00 Type of allocated securities : Common shares Allocated to : Common shares's shareholders Number of allotted shares (shares) : 117,298,546 Ratio (Old : New) : 3 : 1 Subscription price (baht per share) : 20.00 Subscription period : From 25-May-2020 to 29-May-2020 Record date for the right to : 05-May-2020 subscribe additional shares Ex-Rights Date (XR) : 30-Apr-2020 ______________________________________________________________________ Connected transaction Canceled ______________________________________________________________________ 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.