VGI Public : No Adjustment of the exercise price and/or ratio of the Warrants to Purchase the Newly Issued Ordinary Shares of VGI Public Company Limited No. 2 (VGI-W2) and No.3 (VGI-W3) as a result of the dividend payment
July 25, 2022 at 06:44 am EDT
Share
No Adjustment of the exercise price and/or ratio of the Warrants to Purchase the
Headline:Newly Issued Ordinary Shares of VGI Public Company Limited No. 2 (VGI-W2) and No.3 (VGI-W3) as a result of the dividend payment
Security Symbol: VGI
Announcement Details
Right adjustment / No right adjustment
Subject
No Right Adjustment
Symbol
VGI-W2
The full name of warrant
Warrant of VGI PUBLIC COMPANY LIMITED No. 2
The reason for no adjustment
The Company shall not adjust the exercise price and exercise
ratio because the event does not comply with the adjustment
conditions since the Company declared to pay dividends to its
shareholders for the fiscal year 2021/22 ended 31 March
2022 in the amount of not exceeding THB396.09 million
equivalent to 82 percent of the Company's net profit after
corporate income tax according to the Company's standalone
financial statements which has not yet fallen within the
criteria under Clause 5(e) of the Terms and Conditions
Governing the Rights and Obligations of the Issuer and
Holders of the Warrants to Purchase the Newly Issued
Ordinary Shares of VGI Public Company Limited No. 2
(VGI-W2) (the "Terms and Conditions"), states that the
Company is required to adjust the exercise price and/or ratio
of the VGI-W2 Warrants when the dividend payout ratio
exceeds 90 percent of the Company's net profit after
corporate income tax according to the Company's standalone
The Company shall not adjust the exercise price and exercise
ratio because the event does not comply with the adjustment
conditions since the Company declared to pay dividends to its shareholders for the fiscal year 2021/22 ended 31 March 2022 in the amount of not exceeding THB396.09 million equivalent to 82 percent of the Company's net profit after corporate income tax according to the Company's standalone financial statements which has not yet fallen within the criteria under Clause 5(e) of the Terms and Conditions
Governing the Rights and Obligations of the Issuer and Holders of the Warrants to Purchase the Newly Issued Ordinary Shares of VGI Public Company Limited No. 3 (VGI-W3) (the "Terms and Conditions"), states that the Company is required to adjust the exercise price and/or ratio of the VGI-W3 Warrants when the dividend payout ratio exceeds 90 percent of the Company's net profit after corporate income tax according to the Company's standalone financial statements for any fiscal year.
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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VGI pcl published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 10:43:01 UTC.
VGI Public Company Limited is a Thailand-based company. The Company is engaged in designing solutions to meet the demands of advertisers and brands and create experiences for consumers through its ecosystem, spanning across advertising, payment, logistics and distribution businesses. Its Transit segment is engaged in the provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Its Digital service segment is involved in the provision of electronic payment services and other finance services, such as insurance brokers and digital loans. Its Distribution segment is engaged in the provision of the sale and distribution of technology products from China, including original equipment manufacturer (OEM) products. Its Other segment is involved in the provision of advertising services in office buildings, and others. It is engaged in offline-to-online (O2O) solutions across multiple platforms.
VGI Public : No Adjustment of the exercise price and/or ratio of the Warrants to Purchase the Newly Issued Ordinary Shares of VGI Public Company Limited No. 2 (VGI-W2) and No.3 (VGI-W3) as a result of the dividend payment
VGI 
