PURCHASES TT&T'S CAPITAL INCREASED SHARES
07 มีนาคม 2540
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