28 Jan 2020 17:15:00
Notification on the subscription of the newly issued shares in Metro Professional Products Company Limited, a subsidiary of the Company
SCO 002/2020 January 28, 2020 Subject : Notification on the subscription of the newly issued shares in Metro Professional Products Company Limited, a subsidiary of the Company To : Director and Manager of The Stock Exchange of Thailand Notice is hereby given that the Board of Directors' Meeting of Metro Systems Corporation Public Company Limited (the "Company") No. 1/2020 held on January 28, 2020 resolved to approve the Company subscription for newly issued shares of Metro Professional Products Company Limited ("MPP"), a subsidiary of the Company in which the Company holds 99.99 percent of the total shares as the resolution as follows : Resolution : Approved the Company's purchase of newly issued shares of MPP which the Extraordinary General Meeting of MPP had resolution to increase the registered capital from Baht 20,000,000 to Baht 50,000,000. The registered capital was increased by another amount of Baht 30,000,000 which it divided into 300,000 ordinary shares with par value at Baht 100 per share. The details are appeared as follows : - Date of transaction : Within January, 2020 - Registered capital of Metro Professional Products Company Limited Status Registered capital (Baht) No. of shares (shares) Par Value (Baht) Before capital increase 20,000,000 200,000 100 After capital increase 50,000,000 500,000 100 - Shareholding structure Shareholder Prior transaction After transaction No. of Shares Ratio (%) No. of Shares Ratio (%) Metro Systems Corporation PLC 199,998 99.999 499,996 99.9992 Mr.Narong Charuvajana 1 0.0005 2 0.0004 Mr.Kitti Techathaveekijkul 1 0.0005 2 0.0004 - Source of fund : Working capital of the Company - Purpose of investment : To use as working capital in MPP - Size of transaction : Since it is an investment to increase liquidity in MPP which is a subsidiary company. Therefore, this transaction is not subject to the rules, conditions and procedures of the Stock Exchange of Thailand about the disclosure of information of connected transactions of listed companies and other acts concerning the acquisition and disposition of assets of listed companies. Please be informed accordingly. Yours sincerely, Metro Systems Corporation Public Company Limited Sumateta Jitsiripol (Miss. Sumateta Jitsiripol) Corporate 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.