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
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                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

______________________________________________________________________
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