Sermsang Power Corporation Public Company Limited (SSP) informed that the Board of Directors’ Meeting No. 1/2021 held on February 25, 2021 approved to propose to the Annual General Meeting of Shareholders for the year 2021. To consider the issuance and allocation of warrants to purchase newly issued ordinary shares of Sermsang Power Corporation Plc. (SSP) No. 1, using the abbreviation SSP-W1 in an amount not exceeding 101,420,000 units to the shareholders of Sermsang Power Corporation Plc. Company by shareholding proportion (Rights Offering) without charge At the allocation rate of 10 existing shares per 1 unit of SSP-W1 warrant with a term of 8 months from the issuing date of SSP-W1, the exercise ratio is 1 unit of warrant. Company 1 share, exercise price 12 baht / share. The company determines the date of June 15, 2021 as the date for determining the list of shareholders who are entitled to be allocated SSP-W1 (Record Date). Sep. 64 is the issuing date of SSP-W1 warrants to shareholders.
In addition, it was resolved to issue and allocate warrants to purchase newly issued ordinary shares of Sermsang Power Corporation Plc. (SSP) No. 2 using the abbreviation SSP-W2 in an amount not exceeding 253,550,000 units to the shareholders. Of the company in proportion to their shareholding (Rights Offering) without charge At the allocation ratio of 4 existing shares to 1 unit of warrant SSP-W2, the term is 3 years and 11 months from the issuing date of SSP-W2, with the exercise ratio at 1 unit of warrant. 1 share of the company, exercise price 18-24 baht / share. The date of June 15, 2021 is the date to determine the list of shareholders who are entitled to be allocated SSP-W2 (Record Date) and the date. 22 Jun ’16 is the issuing date of the warrants SSP-W2 to the shareholders.
There is also a resolution approving to propose to the Annual General Meeting of Shareholders for the year 2021 to consider and approve the capital increase of the company in the amount of 447,170,000 baht from the original registered capital of 922 million baht, totaling a new registered capital of 1,369.17 million baht by issuing new ordinary shares in the amount of 447,170,000 baht. 447.17 million shares with a par value of 1 baht per share to support the stock dividend payment to the Company’s shareholders no more than 92.20 million shares, to support the exercise of SSP-W1 warrants in the amount not exceeding 101.42 million shares and support The exercise of the warrants SSP-W2 in the amount not exceeding 253.55 million shares.
With the date of the 2021 Annual General Meeting of Shareholders on 28 April 2021.
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