ข่าวแจ้งตลาดหลักทรัพย์ฯ
SET ADDS NEW LISTED SECURITIES : NOBLE-W1
07 กันยายน 2544
SET adds new listed securities : NOBLE-W1
The Stock Exchange of Thailand (SET) has granted a listing of
certificates representing the rights to purchase shares (warrants No. 1)
of Noble Development Public Company Limited from September 11, 2001
The SET has set warrants No. 1 of Noble Development Public Company
Limited, amounting to 182,713,026 units to be traded on the SET under
the sector of warrants to subscribe to common shares using the trading
name of "NOBLE-W1" commencing from September 11, 2001 onwards.
Description, Condition and Major Characteristics of Warrants
of Noble Development Public Company Limited
Listing Date As of September 11 2001
(Trading commencement on September 11,2001)
Type of Security Warrants to purchase ordinary shares
Number of Warrants 182,713,026 units
Issuer Noble Development Public Company Limited
Rights of Warrants 1 unit of warrant is entitled to purchase
1 ordinary share at the price of 6 baht
(in the case where there is any legal
restriction that does not allow the exercise
on that price, the exercise price shall be
the par value of the ordinary share of the Company)
Type of Warrants Warrants to purchase ordinary shares, in name
certificate
Term of Warrants Five years from the issuance date (the last exercise
date is on August 23, 2006). In the event that
the average price of the ordinary shares of the
Company (the calculation will be based on the
closing price of the ordinary shares of the
Company which are traded on the Stock Exchange
of Thailand at the end of daily trading period
of any 15 consecutive business day period) reaches
Baht 8, the Company shall inform the last exercise
date to the registrar of the warrants to inform
to the warrant holders. After the said last exercise
date, the warrants to purchase ordinary shares will
then expire.
Offering Price -0-baht
Distribution of Warrants August 24, 2001
No. of No. of % of total
holders warrants warrants
warrants held > 5/1000 of 35 145,440,135 79.60
total warrants
warrants held < 5/1000 of 501 37,272,879 20.40
total warrants and not<1
trading unit
warrants held < 1 Trading unit 2 12 0.00
Total 538 182,713,026 100.00
Note : 1 Trading unit = 100 warrants
Major Holders August 24, 2001
Name No. of warrants % of total warrants
1.Mr.Kitti Thanakitamnuay 16,478,658 9.02
2.Mr.Padipat Suwatee 8,129,834 4.45
3.Ms.Manee Prasopboonmeechai 8,097,527 4.43
4.Mr.Thanes Navabusya 7,805,161 4.27
5.Mr.Theeraphon Voranithipong 7,526,780 4.12
6.Ms.Jittima Hongladdarom 6,647,634 3.64
7.Mr.Sukkan Watanavakin 6,500,146 3.56
8.Property Innovation Co., Ltd. 5,695,327 3.12
9.Ms.Samonsri Viravan 5,647,900 3.09
10.Ms.Saranya Promchotchai 5,367,108 2.94
Total 77,896,075 42.64
Registrar Thailand Securities Depository Co., Ltd
Receiving Agent for the Noble Development Public Company Limited
Exercise Warrants
Exercise Right of Warrant 1.The exercise ratio is one unit of warrant
to one ordinary share. The exercise price
is 6 baht per share (in the case where
there is any legal restriction that does
not allow the exercise on that price, the
exercise price shall be the par value of
the ordinary share of the Company)
2.The exercise date of the warrants is every
three months between 9.00 am to 4.00 pm of
the 23rd day of February, May, August and
November until the expiration date of the
warrants. The first exercise date shall
be on November 23, 2001. In case of that
the exercise date is on the Company's holiday
or weekend, the said date shall be postponed
to the next business day. In the event that
the average price of the ordinary shares of
the Company (the calculation will be based on
the closing price of the ordinary shares of
the Company which are traded on the Stock
Exchange of Thailand at the end of daily
trading period of any 15 consecutive business
day period) reaches Baht 8, the Company shall
inform the last exercise date to the registrar
of the warrants to inform to the warrant holders.
(Please see in Exercise the Right of Warrant
before Exercise Date)
3.The warrant holders must deliver the intention
to exercise the warrants between 9.00 am to 4.00 pm
within 5 business days before each of exercise
date of the warrants, excepted for the last
exercise date which shall be within 15 days
before the last exercise date. The Company shall
announce the period to deliver intention to
exercise the warrants, exercise ratio, exercise
price and place to submit intention form via
electronic media (R-SIMS) at least 7 days
before the first day of the period to deliver
intention to exercise the warrants.
4.The Company shall not close the warrant register
book except for the last exercise period where
the register book will be closed 21 days before
the last exercise date. In case that, the
register book closing date is on the bank
holiday, it will be postponed to the next
business day.
Exercise the Right of 1.In the event that the average price of the
Warrant before Exercise ordinary shares of the Company (the calculation
Date will be based on the closing price of the ordinary
shares of the Company which are traded on the
Stock Exchange of Thailand at the end of daily
trading period of any 15 consecutive business day
period) reaches Baht 8, the Company shall announce
the details of the last exercise date via electronic
media (R-SIMS) and publish in a newspaper after
the date when the Board of Directors of the Company
pass resolutions on details of the exercise the
right of warrant before exercise date. The details
are number of warrants, exercise price and exercise
ratio, the closing date of warrant register book
(posting sign XE-EX-Exercise), the suspension
date (posting sign SP) and exercise period for
submission the intention to exercise the warrants.
The Company shall proceed to send the notice to
warrant/equivalent warrant holders whose names
appear in the latest company warrant holder list.
2.The warrant holders for both scrip or scripless
who intend to exercise the rights must deliver
intention to exercise the warrants between 9.00
am to 4.00 pm within 15 business days before the
exercise date. To exercise the rights, the warrant
holders must perform the exercise procedures in
accordance with conditions set forth in the notice.
Exercise Procedures 1.The warrant/equivalent warrant holders who intend
to exercise the rights can pick up the intention
form at the Company, then complete the form
attached with warrant certificate or equivalent
document which has been signed as transferor at
the back in the same number as specified in the
intention form, and make a full payment by
cheque or cashier cheque enclosed with copy
of identification card /copy of passport.
The warrant holders without scrip (Scripless)
who intend to exercise the rights have to inform
and complete the request form with his or her
brokers to issue the certificate of warrants
or equivalent documents according to the SET's
rules and regulations. The brokers shall inform
Thailand Securities Depository Co., Ltd to
issue the warrants or equivalent documents
in the amount according to the letter of intent.
Then the warrant holders shall use the
certificate of warrants or equivalent documents
as a required document to exercise the rights.
2.Warrant holders can submit the intention form
to exercise the right to Noble Development
Public Company Limited 19th Floor. Tonson Tower,
900 Ploenchit Road, Lumpini, Pathumwan,
Bangkok 10330, Tel. 251-9955.
Other Exercise Conditions 1.The warrant/equivalent warrant holders must
exercise not less than 100 ordinary shares in
any case and in whole amounts. For those warrant/
equivalent warrant holders having the right to
exercise less than or equal to 100 ordinary
shares, they must exercise these warrants in its
entirely at a one time except for exercise the
right for the last time when the warrant/
equivalent warrant holders are able to exercise
the right to purchase ordinary shares in the
remaining amounts.
2.Foreign warrant holders have the right to
exercise the purchase of ordinary shares,
either in full or in part, if at that such
point in time the exercise is not conflict with
the Company Articles of Association clause 11.
Since foreign shareholding is restricted to the
ratio defined by the Company's legal foreign
shareholding limit, the Company reserves the
right to not issue ordinary shares to foreign
warrant holders wishing to exercise their
warrants, if such exercise is of conflict to
the Company Articles of Association clause 11.
3.The warrant/equivalent warrant holders must
abide by regulations entailed in the Tax
revenue code with respects to the chapter on
stamp duty or any other regulations or legal
legislation which pertains to exercising the
right to purchase ordinary shares.
4.If the Company receives evidence of warrant
certificates not equivalent to the number which
was stipulated in the warrant exercise form,
or if the Company encounters information on
the exercise form that has been filled out
incompletely or inaccurately, or if the stamp
duty is not complete as legally constituted,
the Company will allow the warrant/equivalent
warrant holders to resolve such areas of
concern within the timeframe set for the
exercise period. If these areas of concern
remain unresolved, the Company will deem that
there is no intent by the warrant/equivalent
warrant holders to exercise. As a result,
the Company will send the money received,
accompanied with the warrant/equivalent warrant
certificate, back to the warrant/equivalent
warrant holders by registered mail within
30 business days from the exercise date with
no interest compensation.
5.In any case that the payment amount received
by the Company is not equivalent to what
stipulated in the exercise form, the Company
have right to do such the following alternatives;
(1) The Company will deem that there is no intent
by the warrant holders to exercise, or
(2) The Company will deem that the warrant/
equivalent holders will exercise to purchase
the number of ordinary shares as being
equivalent to such payment received, or
(3) The Company will allow the warrant/equivalent
holders to make additional payment within
the timeframe set for the exercise period.
If the Company does not receive such
additional payment, the Company will deem
that there is no intent by the warrant holders
to exercise. In case (1) and (3), if the
Company deems that there is no intent by the
warrant holders to exercise, the Company
will send the money received, accompanied with
the warrant/equivalent warrant certificate,
back to the warrant/equivalent holders. In
case (2) which the Company deems the said
exercise right of warrants to be in partiality,
the Company will send the money received over
than the amount calculated by number of
allotted shares multiple by the price of one
share, accompanied with the warrant/equivalent
warrant certificate, back to the warrant/
equivalent holders by registered mail within
30 days from the exercise date with no
interest compensation.
6.If all is abided by for the exercise of the
warrant, that is, having sent evidence of the
warrant certificate or a replacement conforming
to SET regulations, or documentation that gives
evidence to the transfer of the warrant certificate
to the Company's account and completed intention
form to exercise warrant, accompanied with
subscription payment to purchase the ordinary
shares which is fully complete and accurate,
the intention to exercise this warrant may not be
terminated, unless the written consent is obtained
by the Company.
7.The Company will send the unexercised warrant
certificate (if any) any crossed cheque (if any)
to the warrant/equivalent holders by registered
mail at the address specified in the intention
form to exercise warrant and the Company will not
be responsible for any losses occurred during the
postal delivery. The warrant holders may contact
to receive such unexercised warrant certificate
and crossed cheque at the Company.
8.In case that ordinary shares reserved for
exercised warrants are insufficient, the Company
will call for a shareholders meeting to pass a
resolution on additional newly-issued ordinary
shares reserved for exercise of warrants.
9.The Company shall submit the application to
register the change in the paid-up capital,
in accordance with number of newly-issued ordinary
shares for exercised warrants, to the Ministry
of Commerce within fourteen days of the exercise
date for that exercise period, and the Company
shall register the warrant holder, holding either
a warrant certificate or a replacement as a
company shareholder in the share register book
according to the number of ordinary shares
received through the exercise.
10.The right of the newly-issued ordinary shares
will be equivalent to those of other ordinary
shares which have been previously issued beginning
on the date the warrant holder is a shareholder
as a stated in the registration book issued by
the Ministry of Commerce. If the Company announces
dividend payment before the date the warrant
holder is a shareholder as a stated in the
registration book issued by the Ministry of
Commerce, such warrant holder will not receive
such dividend or other benefits.
11.Upon reaching the final exercise period and no
exercise has occurred the warrant certificate
will be nullified.
Adjustment of Exercise The exercise price and the exercise ratio will
Price and Exercise Ratio be adjusted as a result of the following events.
1.The par value has been changed as the result
of combine or split the issued ordinary shares.
2.The Company offers new shares to the existing
shareholders and/or to the public with an average
share price below 90 % of the market price of
the ordinary shares.
3.The Company offers any new securities to the
existing shareholders and/or to the public and
the securities can be convertible or have the
right to purchase ordinary shares with an average
share price below 90 % of the market share value.
4.The Company pays out the dividend in some portion
or all as ordinary share to the shareholders.
5.The Company pays out the dividend more than 70 %
of the net profit after tax during the accounting
period of the year 2001 until the last exercise date.
6.Any event which will reduce or eliminate the
benefit of the warrant holders and is not mentioned
from 1 to 5, Noble Development Public Company
Limited will resolve to adjust the exercise price
and the exercise ratio without reducing warrant
holders' benefit and that consideration is
finalized. The determination shall be informed
to the SEC within 15 days after the circumstances
occur.
7.The adjustment to relevant exercise price and
exercise ratio pursuant to 1 to 6 shall be
independently and separately calculated and
shall be made in accordance with the respective
occurrence of each circumstance in comparison
with the market price. In the event that more
than one circumstance occurs simultaneously,
conditions 1, 5, 4, 2, 3, and 6 shall be applied
in respective in order to adjust the relevant
exercise price and exercise ratio to which at
each adjustment 5 decimal of the relevant exercise
ratio shall be maintained.
8.Any adjustment to relevant exercise price or
exercise ratio pursuant to conditions 1 to 5
does not cause the relevant new exercise
price to be higher than the existing relevant
exercise price or the new exercise ratio to be
lower than the existing exercise ratio with the
exception in the case of a combination of shares.
(more)