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Thailand: SVI reports on capital increase(Thai Press Reports Via Thomson Dialog NewsEdge)Section: SET Filing - SVI Public Company Limited (the Company) are pleased to report the resolutions of Board of Directors Meeting No. 2/2006 held on February 15, 2006 at 11.00 hours to 14.00 hours, concerning the increase of capital and allotment of new ordinary shares as follows: 1. Capital Increase The Board of Directors Meeting has resolved to increase its capital from Baht 1,450,349,990 to Baht 1,505,349,990 by issuance of 5,500,000 ordinary shares at the nominal par value of Baht 10 per share. The total capital increase will be Baht 55,000,000. 2. Allotment of New Shares The Company shall allocate 5,500,000 ordinary shares, at the nominal par value of Baht 10 each, totally Baht 55,000,000. The details are as follows: 3. Convening the Extraordinary Meeting of Shareholders for an approval of the capital increase and the new share appropriation The Annual General Meeting of Shareholders No. 1/2006 will be convened at 13:30 hours, on April 27, 2006. To determine which shareholders are eligible to attend the shareholders meeting, the Company will close the Share Register Book on April 7, 2006 at 12.00 hours until the meeting is adjourned. 4. Objectives of the Capital Increase For the purpose of encouraging the directors and employees and being considerate to the directors and employees in working well for the Company on a long term basis. 5. Benefits to the Company The ESOP warrants issued by the Company and offered to the directors and employees shall be for the purpose of encouraging the directors and employees and being considerate to the directors and employees in sufficient working well for the Company on a long term basis. 6. Benefits to the Shareholders Right to obtain dividends in the future in consideration of the Company retaining earnings for its business operation. The Company certifies that the information provided above is correct and accurate in all respects. (16 February 2006) |