Net Cash Settlement Amount = Cash Settlement Amount - Exercise Expense Charged by Issuer By; In case of Call Warrant and Underlying Asset is Stock :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio In case of Put Warrant and Underlying Asset is Stock :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio In case of Call Warrant and Underlying Asset is Index :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier In case of Put Warrant and Underlying Asset is Index :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier In case of Call Warrant and Underlying Asset is Foreign Stock :
Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Stock :
Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio X Exchange rate In case of Call Warrant and Underlying Asset is Foreign Index :
Settlement Amount = (Settlement Price - Exercise Price) X Multiplier X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Index :
Settlement Amount = (Exercise Price - Settlement Price) X Multiplier X Exchange rate
Any Derivative Warrant (DW) will automatically be exercised if the Net Cash Settlement Amount on the Automatic Exercise Date is greater than zero (without notice being given to the Holders). The Issuer will pay to the Holders the Net Cash Settlement Amount (if any) with procedure defined in Terms and Condition.
The Holders can deny the exercise of DW by informing their broker in accordance with procedures stipulated by their broker.
Signature _________________
(Mr. Yongyut Meepetchdee) Assistant Managing Director Authorized Persons to Disclose Information
This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.
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Gulf Energy Development pcl published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 10:34:08 UTC.
Gulf Energy Development Public Company Limited is a Thailand-based holding company. The Company is engaged in generating and selling electricity and steam, storing, and converting natural gas from liquid to gas, providing satellite services and other businesses in domestic and international. The Company operates through four segments: Power business, Consulting business, Infrastructure business, and Satellite business. It also provides management services to power projects within the group from the development and construction stage to the management stage after commencement of commercial operation. The Company's Energy Business, comprised of gas-fired power generation business and other related businesses, renewable energy business and gas business. The Companyâs subsidiaries include Independent Power Development Co., Ltd., Gulf MP Co., Ltd., Gulf Renewable Energy Co., Ltd., Gulf LNG Trading Pte. Ltd., Gulf Pattani Green Co., Ltd., Gulf Infrastructure Co., Ltd., and others.
GULF ENERGY DEVELOPMENT 
