News Detail

Date/Time
08 Aug 2019 21:05:00
Headline
Notification of adjustment to vote counting at the Extraordinary Meeting of Unitholders of Digital Telecommunications Infrastructure Fund No. 1/2019
Symbol
DIF
Source
DIF
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                JorTor. 11-620262                                    8 August 2019

Re:    Notification of adjustment to vote counting at the Extraordinary Meeting of 
Unitholders of Digital Telecommunications Infrastructure Fund No. 1/2019

To:    The President
The Stock Exchange of Thailand

Pursuant to the Extraordinary Meeting of Unitholders of Digital 
Telecommunications Infrastructure Fund (DIF or the "Fund") No. 1/2019 held on 21
June 2019 (the "Unitholder Meeting") which has considered and passed the
following resolutions:
1.    Approved the amendments to the fund scheme to reflect the change in the 
rental structure of the telecommunications towers of AWC  which the fund has
invested in the right to receive benefit from net revenue derived from the lease
 of telecommunications towers owned by AWC to BFKT ;
2.    Approved the investment in the Additional Telecom Infrastructure Assets No. 
4;
2.1.    Approved the investment in the Additional Telecom Infrastructure Assets No.
 4;
2.2.    Approved the entry into the agreement in relation to the seeking of 
benefits from the Additional Telecom Infrastructure Assets No. 4;
2.3.    Approved the amendments to the fund scheme as to update information in 
relation to the Additional Telecom Infrastructure Assets No. 4 and the benefit
seeking from the Additional Telecom Infrastructure Assets No. 4;
2.4.    Approved the capital raising in relation to the investment in the 
Additional Telecom Infrastructure Assets No. 4;
2.4.1.    Approved the capital increase of the Fund; and
2.4.2.    Approved the issuance and allocation of new investment units,
we, SCB Asset Management Company Limited (the "Management Company") as the 
management company of the Fund, refer to our notification to you of such
resolutions of the Unitholder Meeting on 21 June 2019. Details of which are
shown in the letter to the Stock Exchange of Thailand No. JorTor. 11-620234
dated 21 June 2019.
The Management Company would like to notify you that the Capital Market 
Supervisory Board has imposed the amendment to the criteria with respect to
voting of unitholders of an infrastructure fund pursuant to the Notification of
the Capital Market Supervisory Board No. ThorNor. 38/2562 Re: Rules, Conditions
and Procedures of Establishment and Management of Infrastructure Fund dated 25
April 2019 which has become effective on 1 June 2019. According to the new
criteria, it is required that the Management Company shall procure that the
unitholders, who are mutual fund under the management of the same management
company, shall have no right to vote. In this regard, mutual fund shall include
all types of mutual funds established under the Securities and Exchange Act B.E.
2535 (as amended). In compliance with the new voting criteria as mentioned
above, the Management Company therefore would like to further notify of the
adjustment to vote counting for each agenda at the Unitholder Meeting whereby
the votes from mutual funds under the management of the Management Company shall
be deducted from the votes in each agenda and the number of the investment
units held by such mutual funds under the management of the Management Company
shall be excluded from the total number of investment units held by the
unitholders attending the meeting and having the right to vote in each agenda.
Details of the aforementioned adjustment are as follows:
Resolutions for each agenda    Previous Approving Votes (Units)    Percentage of 
Previous Approving Votes    New Approving Votes (Units)    Percentage of New Approving
 Votes
1.    Approved the amendments to the fund scheme to reflect the change in the 
rental structure of the telecommunications towers of AWC which the fund has
invested in the right to receive benefit from net revenue derived from the lease
of telecommunications towers owned by AWC to
BFKT    5,917,238,073    99.5490    5,811,616,873    99.5408
2.    Approved the investment in the Additional Telecom Infrastructure Assets No. 4
2.1.    Approved the investment in the Additional Telecom Infrastructure Assets No.
 4    3,026,307,705    99.1358    2,920,686,505    99.1048
2.2.    Approved the entry into the agreement in relation to the seeking of 
benefits from the Additional Telecom Infrastructure Assets No.
4    3,026,418,196    99.1394    2,920,796,996    99.1085
2.3.    Approved the amendments to the fund scheme as to update information in 
relation to the Additional Telecom Infrastructure Assets No. 4 and the benefit
seeking from the Additional Telecom Infrastructure Assets No.
4    5,922,310,229    99.6339    5,816,689,029    99.6272
2.4.    Approved the capital raising in relation to the investment in the 
Additional Telecom Infrastructure Assets No. 4
2.4.1.    Approved the capital increase of the 
Fund    5,921,780,529    99.6250    5,816,159,329    99.6182
2.4.2.    Approved the issuance and allocation of new investment 
units    5,921,548,976    99.6211    5,815,927,776    99.6142

The list of the mutual funds under the management of the Management Company 
participating in the Unitholder Meeting are also set out below:
1.    SCB MULTI INCOME PLUS FUND holding 11,016,000 investment units in the Fund as
 of the date of the Unitholder Meeting;
2.    SCB Property and Infrastructure Flexible Fund holding 15,834,000 investment 
units in the Fund as of the date of the Unitholder Meeting;
3.    SCB INCOME PLUS FUND holding 75,937,300 investment units in the Fund as of 
the date of the Unitholder Meeting;
4.    SCB SMART PLAN 2 OPEN END FUND holding 2,371,200 investment units in the Fund
 as of the date of the Unitholder Meeting;
5.    SCB SMART PLAN 3 OPEN END FUND holding 136,000 investment units in the Fund 
as of the date of the Unitholder Meeting; and
6.    SCB SMART PLAN 4 OPEN END FUND holding 326,700 investment units in the Fund 
as of the date of the Unitholder Meeting.
The Management Company has considered and is of an opinion that the above 
adjustment to vote counting in each agenda at the Unitholder Meeting is made for
accuracy purpose pursuant to the new voting criteria of the Capital Market
Supervisory Board, which does not change the passed resolutions of the
Unitholder Meeting approving the matters in each agenda and does not affect the
projected distribution to unitholders, risks arising from the investment or
related details of the offering of the new investment units
Please be informed accordingly.

Yours Faithfully,
Digital Telecommunications Infrastructure Fund by SCB Asset Management Company


(Mrs. Tipaphan Puttarawigorm)
Executive Vice President, Property and Infrastructure Investment Group
______________________________________________________________________
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