ANNUAL REPORT 2007 รายงานประจำปี - IR Plus

22. Share Capital
In accordance with the minute of the extraordinary shareholder meeting No. 1/2007 held
on January 11, 2007, it is unanimously resolved to approve an increase in the registered capital
from Baht 400.00 million (with a par value of Baht 1 per share) to Baht 520.00 million (with a par
value of Baht 1 per share) through the issue of an additional ordinary shares in the amount of
120.00 million shares reserved for the exercise of Warrant No. 1 (SECC-W1) and the exercise of
Warrant-ESOP.
Which allocation as following:
1. The warrant No. 1 in the amount of 100,000,000 units, offers to the existing
shareholders of the Company for the right to purchase warrant No. 1 at the ratio of 4
ordinary shares: 1 warrant. Type of warrant is registered and transferable with
maturity 3 years from the issue date and offering price at Baht 0 per unit. The warrant
No. 1 at 1 unit can be exercise to purchase 1 new ordinary share at exercise price Baht
3 per share and can be exercised on the last business day of March, June, September,
and December.
2. The warrant-ESOP in the amount of 20,000,000 units, offers to directors, executives,
and employees of the Company and its subsidiaries, which will not offer more than
5% of total number of Warrant-ESOP to any director or executive of employee. Type
of warrant is registered and non-transferable except for the transfer according to the
estate of will in case of decease and offering price at Baht 0 per unit. The warrant-
ESOP at 1 unit can be exercise to purchase 1 new ordinary share at exercise price
Baht 2 per share, that can exercise warrants as follow:
2.1 Part 1 (50%), warrants are exercisable after the issue date of Warrant-ESOP that
are valid for conversion can be exercised on the last business day of March, June,
September, and December. Throughout the maturity of Warrant-ESOP.
2.2 Part 2 (25%), warrants are exercisable after 1 year from the issue date of
Warrant-ESOP that are valid for conversion can be exercised on the last business
day of March, June, September, and December throughout the maturity of
Warrant-ESOP.
2.3 Part 3 (25%), warrants are exercisable after 2 year from the issue date of
Warrant-ESOP that are valid for conversion can be exercised on the last business
day of March, June, September, and December throughout the maturity of
Warrant-ESOP.
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