H.T./SET/034/2007
September 19, 2007
Subject : Inform of Resolutions Adopted of EGM No. 1/2007 of Shareholders
To : President The Stock Exchange of Thailand
Enclosure: Details of information concerning the ESOP Plan
Singer Thailand Public Company Limited would like to report on the resolutions made at the shareholder's Extraordinary General Meeting No.1/2007 held on September 19th, 2007 are as follows:
1. Approval the minutes of the Annual General Meeting of Shareholders no. 40 held on April 25th, 2007
2. Approval of the issuance, offering and allocation of share warrants in the number of 13,500,000 units, representing 5.0% of the paid up capital of the Company at the ratio of 1 ordinary shares to 1 Warrant unit at the offering price of THB 0.00 per unit, in which one Warrant unit can be exercised to purchase one ordinary share at the exercise price of THB 1.78 per share, to the Managing Director of the Company pursuant to the ESOP Scheme in order to encourage the Managing Director to use this knowledge and capability to manage and operate the Company for the good business result of the Company. Details of the offering of ESOP are attachment.
3. Approval of the issue and offer for sale of warrants in the number of 13,500,000 units to the Managing Director who will be entitled to receive the said warrants in the number greater than 5% of the total warrants to be issued and offered under the ESOP Plan.
4. Approval of the increase of the registered capital of the Company of 13,500,000 shares (Thirteen Million and five Hundred Thousand shares) at the par value of THB 1.00 per share with a total increase of the registered capital of THB 13,500,000 (Thirteen Million and five Hundred Thousand Baht) from the existing registered capital of THB 270,000,000 (Two Hundred and Seventy Million Baht) to THB 283,500,000 (Two Hundred Eighty-Three Million and Five Hundred Thousand Baht).
5. Approval of the Amendment of the Company's Memorandum of Association No. 4 to be in accordance with the increase of registered capital and using the following statement.
"No. 4 Registered capital of THB 283,500,000 (Two Hundred Eighty-Three Million and Five Hundred Thousand Baht)
Comprised of : 283,500,000 shares (Two Hundred Eighty-Three Million and Five Hundred Thousand)
Par value of : THB 1.00 each (One Thai Baht) Divided into
Ordinary share of : 283,500,000 shares (Two Hundred Eighty-Three Million and Five Hundred Thousand)
Preferred share of : 0.00 share (None)"6. Approval of the allotment of new 13,500,000 common shares at the par value of 1 Baht to sustain the shares option exercise of Director (ESOP Scheme).
Please be informed accordingly
Yours Faithfully
Attachments