Britania Public Company Limited Announces Rights Offering and Allocation of Newly Issued Ordinary Shares

Strategic Insights -

Britania Public Company Limited, a leading business entity, has recently announced a rights offering to its existing shareholders, allocating a substantial amount of newly issued ordinary shares. The move aims to increase the company's capital base and provide shareholders with the opportunity to participate in the growth and expansion of the business. The rights offering, which has been made possible through the approval of the 2025 Annual General Meeting of Shareholders, is expected to benefit both the company and its shareholders.

Key Takeaways:

  • The 2025 Annual General Meeting of Shareholders of Britania Public Company Limited approved the allocation of up to 853,081,100 newly issued ordinary shares with a par value of THB 0.50 per share.
  • The rights offering will be made available to existing shareholders in proportion to their respective shareholdings, with an allocation ratio of 1 existing ordinary share to 1 newly issued ordinary share.
  • The offering price for the newly issued ordinary shares is THB 2.50 per share.
  • Any fractional shares resulting from the calculation will be disregarded.
  • The Record Date for determining the names of existing shareholders eligible for the allocation of newly issued ordinary shares is 6 May 2025.
  • The subscription period for the newly issued ordinary shares is between 22 May 2025 and 23 May 2025, and between 26 May 2025 and 28 May 2025, totaling 5 business days.
  • The Notice of Allocation of Newly Issued Ordinary Shares to the Existing Shareholders of the Company Proportionate to their Respective Shareholdings (Rights Offering) was published on the Company's website on 14 May 2025.

Statistics:

  • Up to 853,081,100 newly issued ordinary shares will be allocated to existing shareholders.
  • THB 2.50 per new share will be the offering price.
  • The offering will be made proportionate to existing shareholders' respective shareholdings.
  • The Record Date for determining eligible shareholders is 6 May 2025.
  • The subscription period will last for 5 business days, spanning from 22-28 May 2025.

Sources:

  • Stock Exchange of Thailand company announcement.