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Details of warrant
Name of Warrant
Warrants to Purchase the Newly Issued Ordinary Shares of Mono Technology Public Company Limited No.1 (MONO-W1)
Type of Warrants
Number of Shares Issued to Support Exercising of MONO-W1
Issuance Date
Expiry Date and Last Exercise Date Exercise Ratio *
In named certificate and transferable
1,500,002,627 units
Not over 1,540,000,000 shares, at the par value of 0.10 Baht
5 years as from the issuance
October 17, 2014
November 4, 2014
October 17, 2019
December 30, 2014
1 unit of Warrant for the right to purchase 1.003 ordinary share
Number of Warrants Issued
Term of Warrants
Trading Day
First Exercise Date
Exercise Price *
2.492 Baht per share
* On June 2, 2016, the Company informed SET on the adjustment of exercise price and ratio of MONO-W1. The adjustment was made to the allotment of capital increase through private placement according to the resolution of the 2016 Annual General Meeting of Shareholders. When compare the price on the offering date which was on June 3, 2016, the offering price was lower than 90 percent of the market weighted average price. This was in line with the announcement of SET. Moreover, to comply with the condition on the exercise of MONO-W1, the Company adjusted the exercise price and ratio of MONO-W1 from 2.50 Baht per share and 1 unit of warrant per 1 ordinary share to 2.492 Baht per share and 1 unit of warrant per 1.003 ordinary shares.
Dividend Payment Policy
The Company shall make dividend payment at the rate of not less than 50 percent of net profit after tax and legal reserve. However, the Board of Directors shall consider the dividend payment based mainly on the benefit of shareholders and take into account reserves of funds for future investment or loan repayment or working capital. Annual dividend payment of the company must be approved by the Annual General Meeting of shareholders. Nevertheless, the Board of Directors shall have authority to occasionally approve the interim dividend payment if the profit is adequate. Also, the Board of Directors shall report such payment to the next Annual General Meeting of Shareholders.
Meanwhile, the subsidiaries will make dividend payment of at least 50 percent of net profit after tax and legal reserve. However, committees and/or shareholders of subsidiaries may consider dividend payment as per their business conditions, such as investment plan for business expansion. The said dividend policy shall be individually approved by meeting of the Board of Directors of each subsidiary.
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