News Detail

Date/Time
28 Feb 2020 07:42:00
Headline
Notification of the BOD's resolutions No.1/2020 Re.Dividend payment, Debenture, the Increase of registered capital for Private Placement by the method of General Mandate, call AGM 2020
Symbol
ECF
Source
ECF
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                Schedule of Shareholders' meeting

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 27-Feb-2020
Shareholder's meeting date               : 24-Apr-2020
Beginning time of meeting (h:mm)         : 13 : 30
Record date for the right to attend the  : 13-Mar-2020
meeting
Ex-meeting date                          : 12-Mar-2020
Significant agenda item                  :
  - Cash dividend payment
  - Capital increase
  - The issuance of debentures
Venue of the meeting                     : Ballroom 3rd floor, 333 The Grand 
Fourwings Convention Hotel, Srinakarin Road, Hua Mark, Bangkapi, Bangkok
______________________________________________________________________

Dividend payment / Omitted dividend payment

Subject                                  : Cash dividend payment
Date of Board resolution                 : 27-Feb-2020
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 05-May-2020
dividends
Ex-dividend date                         : 30-Apr-2020
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 0.0167
Derived from profit under non-BOI        : 0.0035
privilege (baht per share)
Derived from profit under BOI privilege  : 0.0132
(baht per share)
Par value (baht)                         : 0.25
Payment date                             : 22-May-2020
Paid from                                :
    Operating period from 01-Jan-2019 to 31-Dec-2019
______________________________________________________________________

Increasing Capital

Subject                                  : Issuance  of Additional Shares Under 
a General Mandate
Date of Board resolution                 : 27-Feb-2020
Number of additional common shares       : 95,000,000
(shares)
Total of additional shares (shares)      : 95,000,000
Par value (baht per share)               : 0.25
Type of allocated securities             : Common shares
  Allocated to                           : Private placement
    Number of allotted shares (shares)   : 95,000,000
    % of Paid-Up capital as of capital   : 9.90
increase BOD resolution date
______________________________________________________________________

Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
proceeds
Date of Board resolution                 : 27-Feb-2020
Number of additional common shares       : 107,200,000
(shares)
Total of additional shares (shares)      : 107,200,000
Par value (baht per share)               : 0.25
Type of allocated securities             : Common shares
  Allocated to                           : Reserved shares for the right 
adjustment of convertible securities
    Number of allotted shares (shares)   : 12,200,000
Remark                                   :
1.    The shares to accommodate the right adjustment not exceeding 12,000,000 
shares because the Company has issued and offered the newly issued shares for
Private Placement by the method of General Mandate not exceeding 95,000,000
shares.
The company is not able to calculate the adjustment ratio of Warrants ECF-W3, 
since in calculating the price and ratio of new exercise of rights, it shall be
calculated from the market price of ordinary shares of the Company which is
equivalent to the weighted average price per share of all ordinary shares of the
Company which means the value of sell and purchase of ordinary shares divided
by the number of ordinary shares of the Company that were traded in the SET
during consecutively 7 business days of the SET before the date of calculation,
which the Company is currently not able to calculate. The Company shall be able
to calculate the price and ratio of exercise of rights on first day that the
ordinary share purchaser shall not be entitled to subscribe the newly issued
ordinary shares; in other words, the first date of offering the newly issued
ordinary shares under the Private Placement basis, which shall be informed by
the Company in the SET system later on.

2)    The shares to accommodate the right adjustment not exceeding 200,000 shares
Right adjustment as a result of dividend payment in the amount of money 
exceeding 80 percent of net profit after income tax subject by the Company The
Annual General Meeting of Shareholders for the year 2019, held on 22 April 2019
resolved to approve the dividend payment in the ratio of Baht 0.030227 per share
which is equivalent to the dividend payment rate of 85.91 percent of net profit
after income tax subject by the Company for the performance in the accounting
period for the year 2018. The Company had already proceeded to notify the
adjustments of the exercise price and the exercise ratio of ECF-W3 according to
the Terms and Conditions as follows:
Exercise price:    Baht 5.00 per new ordinary share is adjusted to Baht 4.9958 
per new ordinary share.
Exercise ratio:    1 unit of warrant entitled to purchase 1 ordinary share is 
adjusted to 1 unit of warrant entitled to purchase 1.0008 ordinary share.
("Right Adjustment in relation to Dividend Payment")
Due to Right Adjustment in relation to Dividend Payment, the Company is required
to allocate the newly issued shares to accommodate the right adjustment of
ECF-W3 in the number of not higher than 200,000 shares.
______________________________________________________________________
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