SET Announcements

Loxley Plc (LOXLEY) reported it was resolved by board's meeting held on March 6, 1997 to purchase capital increased shares amounting 52,149,900 units, Bt10 each, valued Bt521,499,000 issued by Thai Telephone & Telecommunication Plc (TT&T), held joint venture. This is to maintain its shareholding proportion. Form of transaction 1.Date of transaction: March 7, 1997 2.Related partners : Thai Telephone & Telecommunication Plc (TT&T) 3.Asset profile : LOXLEY purchased capital increased shares issued by TT&T so as to maintain shareholding proportion, at 2 old : 1 new ratio so that for the share amounting 104,299,800 units it is holding LOXLEY was eligible to purchase at 52,149,900 units. Business feature : Granted to expand telephone network to provincial area by the concession 4.Remuneration and subscribing date : LOXLEY would purchase 52,149,900 capital increased shares at Bt10 selling price totalling to Bt521,499,000 and subscribe during March 3-7, 1997 5.Source of fund : Working capital 6.Expected benefit : Dividends. Translated by The Nation