Page 175 - Mono Technology Public Company Limited : Annual Report 2014 EN
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18. Share capital
On 12 September 2014, the Extraordinary General Meeting of the Companys shareholders passed a
solution to increase the registered capital from Baht 140 million to Baht 462 million, by issuing up to 3,220 million
additional ordinary shares with a par value of Baht 0.1 each, to support the payment of the stock dividend, as
described in Note 26 to the financial statements, and the exercise of the first tranche of warrants to purchase
the Companys ordinary shares (MONO-W1), as described in Note 19 to the financial statements.
On 24 September 2014, the Company registered with the Ministry of Commerce the increase in its
registered capital to Baht 462 million (4,620,000,000 ordinary shares of Baht 0.1 each), and paid-up
share capital to Baht 308 million (3,079,999,975 ordinary shares of Baht 0.1 each).
On 3 June 2013, the Company made an initial public offering of 245 million shares with a par value of
Baht 0.1 each, at a price of Baht 11.40 per share, for total proceeds of Baht 2,793 million. The Company
incurred expenses relating to the share offering totaling Baht 73 million (net of income tax of Baht
17 million), and these were presented as a deduction from the premium on ordinary shares. The Company
registered the increase of its paid-up share capital to Baht 140 million (1,400 million ordinary shares of
Baht 0.1 each) with the Ministry of Commerce on the same date.
19. Warrants
On 12 September 2014, the Extraordinary General Meeting of the Companys shareholders passed a
resolution approving the issuance of a first tranche of 1,540 million warrants to purchase the Companys
ordinary shares (MONO-W1) to existing shareholders, free of charge. The warrants, which were issued in
a ratio of 15 warrants for every 14 existing ordinary shares, have an exercise period of 5 years from the
date of issuance, and are exercisable every 3 months. One warrant provides the right to purchase one
ordinary share (with a par value of Baht 0.1 each) at an exercise price of Baht 2.5. The first exercise date
is the last business day of December 2014. The Company issued and allocated the warrants to the existing
shareholders on 17 October 2014.
In 2014, 121,183 warrants were exercised to purchase 121,183 new ordinary shares, which the Company
registered as share capital with the Ministry of Commerce on 8 January 2015. As a result, the Company
presented the cash received from the exercise of these warrants, amounting to Baht 0.3 million, under
the caption of share subscription received in advance in the shareholders equity as at 31 December 2014.
As at 31 December 2014, 1,539,878,817 warrants remained unexercised.
20. Statutory reserve
Pursuant to Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set
aside to a statutory reserve at least 5 percent of its net profit after deducting accumulated deficit brought
forward (if any), until the reserve reaches 10 percent of the registered capital. The statutory reserve is not
available for dividend distribution.
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