News Detail

Date/Time
15 Sep 2021 17:48:00
Headline
Resolutions of Board of Directors, Increase of Registered Capital, Acquisition of Shares, Whitewash, Change of Par Value, Capital reduction by reducing par value, Issuance of HEMP-W2 and the Schedule of EGM No.2/2021 (New)
Symbol
HEMP
Source
HEMP
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                Schedule of Shareholders' meeting

Subject                                  : Schedule of Extra-General Meeting of 
Shareholders
Date of Board resolution                 : 10-Sep-2021
Shareholder's meeting date (Update)      : 26-Nov-2021
Beginning time of meeting (h:mm)         : 08 : 30
Record date for the right to attend the  : 01-Oct-2021
meeting
Ex-meeting date                          : 30-Sep-2021
Significant agenda item                  :
  - Capital increase
  - Paid up capital reduction
  - Acquisition and disposition of assets
  - The issuance of convertible securities
  - Change of par value
  - Approve a waiver from the requirement to make a tender offer for all 
securities
Venue of the meeting                     : Electronic Meeting (E-EGM)
______________________________________________________________________

Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
proceeds
Date of Board resolution                 : 10-Sep-2021
Number of additional common shares       : 3,949,524,275
(shares)
Total of additional shares (shares)      : 3,949,524,275
Par value (baht per share)               : 1.00
Type of allocated securities             : Common shares
  Allocated to                           : Private placement
    Person(s) receiving allotment(s)     : More Return Public Company Limited
    Number of allotted shares (shares)   : 1,655,262,500
    % of Paid Up Capital after capital   : 29.53
increase
    Subscription price (baht per share)  : 0.12083
    Total shares allocated to Private    : 1,655,262,500
Placement (Shares)
  Allocated to                           : Reserved shares for the exercise of 
convertible securities
    Number of allotted shares (shares)   : 2,294,261,775
Remark (New)                             :
- Capital increase for private placement and capital increase to support the 
adjustment of warrant rights will increase capital before the change of the par
value by way of reverse stock split and the capital reduction to compensate for
accumulated losses.
- After merging par value and reducing paid-up capital. The number of shares 
reserved for the exercise of warrants is 177,849,750 shares.
______________________________________________________________________

Changing the Par Value

Subject                                  : Merging the par value
Date of Board resolution                 : 10-Sep-2021
Old par value (baht per share)           : 1.00
New par value (baht per share)           : 12.90
Remark (New)                             :
The Company will proceed to consolidate the par value before reducing the 
paid-up capital by reducing the par value.
______________________________________________________________________

Paid up Capital Reduction

Subject                                  : Capital reduction by reducing par 
value
Date of Board resolution                 : 10-Sep-2021
Par value before capital decrease        : 12.90
capital (baht per share)
Par value after capital decrease (baht   : 1.00
per share)
Remark (New)                             :
The company will proceed to reduce its paid-up capital by reducing the par value
 after merging the par value from 1 baht per share to 12.90 baht.
______________________________________________________________________

Issued Convertible Securities

Subject                                  : Issued convertible securities
Date of Board resolution                 : 10-Sep-2021
Type of allocated securities             : Warrants
  Allocate to                            : Existing common shareholders
    Number of allotted warrants (units)  : 177,849,750
    Reserved shares for the exercise of  : Common shares
warrants
    Number of additional shares (shares) : 177,849,750
    Ratio (Existing shares : Warrant)    : 2 : 1
    Offering price (baht per unit)       : 0
    Description of warrants
      Warrant Symbol (Update)            : HEMP-W2
      Name of warrant (Update)           : Warrants to Purchase Ordinary Shares 
of Health Empire Corporation Public Company Limited Series 2 (HEMP-W2) (the
"HEMP-W2 Warrants")
      Exercise ratio (warrant : share)   : 1 : 1
      Exercise price (baht per share)    : 15.00
      Term of warrants (Update)          :
    Two (2) years from the issuance date of the HEMP-W2 Warrants
Remark                                   :
Record date will be re-established after the change of the par value by way of 
reverse stock split and the capital reduction to compensate for accumulated
losses
______________________________________________________________________

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