News Detail
Date/Time
22 Feb 2018 17:39:00
Headline
No changes to the exercise price and ratio to exercise the SUSCO-W1
Symbol
SUSCO
Source
SUSCO
Right adjustment / No right adjustment Subject : No Right Adjustment Symbol : SUSCO-W1 The full name of warrant : Warrant of SUSCO PUBLIC COMPANY LIMITED No. 1 Adjustment The reason for no adjustment : The Company shall not adjust the exercise price and exercise ratio because one of the Agenda items in the 2018 Annual General Meeting, which will be held on Thursday, April 19, 2018, is to propose the Meeting to approve the final dividends payment for the year 2017 at Baht 0.09 per share. And, since the Company had paid 2017 interim dividends of Baht 0.02 per share, If the Meeting approves to pay final dividends as proposed, the total 2017 dividends payable would be Baht 0.11 per share, totalling Baht 121,000,000.11 or equivalent to a payout ratio of 45.54 % of the net profit for the year 2017. According to the terms on rights and duties of the issuer and holders of the Warrant to purchase new ordinary shares of SUSCO Public Company Limited No.1 (SUSCO-W1) which specify that the exercise price and ratio to exercise must be changed only when the Company makes a stock dividend payment to shareholders or pays cash dividends more than 90% of its net profit, the Company is not required to change the exercise price and ratio to exercise warrant; thus, they remain unchanged Authorized Persons to Disclose : veerin simaroj Information Position : Company Secretary ______________________________________________________________________ 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.