Allocation Method for Warrants to Purchase Ordinary Shares of the Stock Exchange of Thailand
The Stock Exchange of Thailand has outlined the allocation method for warrants to purchase the company's ordinary shares. Existing shareholders will receive warrants in proportion to their shareholdings, but the company reserves the right to adjust allocation if it causes duty under foreign law. The record date for determining shareholders eligible to receive warrants is set for May 6, 2025, and warrants will be allocated at a ratio of 10 existing ordinary shares to 1 unit of Warrant No. 3. Holders of Warrant No. 3 can exercise their rights every 6 months, with scheduled exercise dates between 2025 and 2028.
Key Takeaways:
- Existing shareholders will receive warrants in proportion to their shareholdings, but the company may adjust allocation if it causes duty under foreign law.
- The record date for determining shareholders eligible to receive warrants is set for May 6, 2025.
- Warrants will be allocated at a ratio of 10 existing ordinary shares to 1 unit of Warrant No. 3.
- Holders of Warrant No. 3 can exercise their rights every 6 months.
- Scheduled exercise dates are: November 22, 2025; May 22, 2026; November 22, 2026; May 22, 2027; November 22, 2027; and May 22, 2028.
- The first exercise date is on November 22, 2025, and the final exercise date is on May 22, 2028.
- The warrants will cease to be listed securities on the day following the final exercise date.
Statistics:
- Record date: May 6, 2025
- Allocation ratio: 10 existing ordinary shares to 1 unit of Warrant No. 3
- Number of exercisable warrants: Not specified
- Exercise dates:
+ November 22, 2025
+ May 22, 2026
+ November 22, 2026
+ May 22, 2027
+ November 22, 2027
+ May 22, 2028
- Term of the warrants: 3 years
Sources:
- Stock Exchange of Thailand: Allocation Method for Warrants to Purchase Ordinary Shares of the Stock Exchange of Thailand (May 2025 or cited date)