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Com7 Public Company Limited Proposes Cancellation of Warrants and New Issuance to Employees

Strategic Insights

— 2 min read

Com7 Public Company Limited, a leading telecommunications equipment provider in Thailand, has announced plans to cancel previously issued warrants to its executives and employees. The company's Board of Directors has resolved to propose the cancellation of the COM7-ESOP W1 warrants at the upcoming Extraordinary General Meeting of Shareholders No. 1/2025. The warrants, issued in 2024, had allocated 30 million ordinary shares to executives and employees. Instead, the company plans to issue new warrants to purchase ordinary shares, not exceeding 30 million units, with a term of up to 4 years and 11 months, at no cost. The new warrants will have an exercise ratio of 1 warrant entitling the holder to purchase 1 ordinary share.

Key Takeaways:

  • Com7 Public Company Limited proposes to cancel the previously issued COM7-ESOP W1 warrants to executives and employees.
  • The warrants, issued in 2024, had allocated 30 million ordinary shares.
  • The company plans to issue new warrants to purchase ordinary shares, not exceeding 30 million units.
  • The new warrants will have a term of up to 4 years and 11 months, at no cost.
  • The exercise ratio will be 1 warrant entitling the holder to purchase 1 ordinary share.
  • The warrants will be allocated to executives (including directors) and/or employees of the Company and/or its subsidiaries.
  • A total of 30 million ordinary shares with a par value of Baht 0.25 per share have been allocated to accommodate the exercise of the new warrants.
  • The company's Board of Directors has resolved to propose the cancellation of the COM7-ESOP W1 warrants and the new issuance at the Extraordinary General Meeting of Shareholders No. 1/2025.

Statistics:

  • 30 million units: the maximum number of new warrants to purchase ordinary shares.
  • 4 years and 11 months: the term of the new warrants.
  • Baht 0.25: the par value of each ordinary share allocated to accommodate the exercise of the new warrants.
  • 30 million: the number of ordinary shares allocated to accommodate the exercise of the new warrants.
  • 2025: the year in which the Extraordinary General Meeting of Shareholders No. 1 will be held.
  • 2024: the year in which the COM7-ESOP W1 warrants were issued.

Sources:

  • Attachment Important details of the Warrants to purchase the Company's ordinary shares, which are allocated to the executives (including the executives who are directors of the Company and/or its subsidiaries) and/or employees of the Company and/or its subsidiaries No. 1 (COM7 ESOP W1) (ESOP Scheme).
  • The Meeting of the Board of Directors of Com7 Public Company Limited (the "Company") No. 4/2025, held on 13 June 2025.

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