24 Nov 2020 17:02:00
Change of the Par Value, Issuance of the Warrants (STARK-W1) and Calling for the Extraordinary General Meeting of Shareholders No. 2/2020 (Amendment No. 3)
Schedule of Shareholders' meeting Subject : Schedule of Extra-General Meeting of Shareholders Date of Board resolution : 05-Nov-2020 Shareholder's meeting date : 17-Dec-2020 Beginning time of meeting (h:mm) : 14 : 00 Record date for the right to attend the : 20-Nov-2020 meeting Ex-meeting date : 19-Nov-2020 Significant agenda item : - Capital increase - The issuance of convertible securities - Change of par value Venue of the meeting : Intercontinental Bangkok Hotel, Pinnacle room 1-3, 4th Floor No. 973 Ploenchit Road, Lumpini, Pathumwan, Bangkok ______________________________________________________________________ Changing the Par Value Subject : Merging the par value Date of Board resolution : 05-Nov-2020 Old par value (baht per share) : 0.50 New par value (baht per share) : 1.00 ______________________________________________________________________ Issued Convertible Securities Subject : Issued convertible securities Date of Board resolution : 05-Nov-2020 Type of allocated securities : Warrants Allocate to : Existing common shareholders Number of allotted warrants (units) : 3,968,801,651 Reserved shares for the exercise of : Common shares warrants Number of additional shares (shares) : 3,968,801,651 Ratio (Existing shares : Warrant) : 3 : 1 Offering price (baht per unit) : 0 Description of warrants Warrant Symbol : STARK-W1 Name of warrant : Warrants to purchase ordinary shares of Stark Corporation Public Company Limited Series 1 (STARK-W1) Exercise ratio (warrant : share) : 1 : 1 Exercise price (baht per share) : 5.00 Term of warrants : 4 Years Remark : Par Value of THB 1.00 ______________________________________________________________________ Increasing Capital Subject : Specifying the purpose of utilizing proceeds Date of Board resolution : 05-Nov-2020 Number of additional common shares : 3,968,801,651 (shares) Total of additional shares (shares) : 3,968,801,651 Par value (baht per share) : 1.00 Type of allocated securities : Common shares Allocated to : Private placement Person(s) receiving allotment(s) : Mr. Vonnarat Tangkaravakoon Number of allotted shares (shares) : 1 % of Paid Up Capital after capital : 0.00 increase Total shares allocated to Private : 1 Placement (Shares) Allocated to : Reserved shares for the exercise of convertible securities Number of allotted shares (shares) : 3,968,801,651 Remark : 1. The allocation of 1 newly issued ordinary shares with a par value of THB 0.50 per share by way of private placement to avoid fraction after the change of the par value (Reverse stock split) Offering price: Market price (No discount) Share subscription and payment date: To be specified by the Board of Directors or the person authorized by the Board of Directors 2. The allocation of newly issued ordinary shares to accommodate the exercise of the STARK-W1 Warrants Par value (THB per share): 1.00 (After the change of the par value) ______________________________________________________________________ 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.