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Thailand: SVOA reports on expiration of warrants exercise to purchase common share
[December 30, 2005]

Thailand: SVOA reports on expiration of warrants exercise to purchase common share


(Thai Press Reports Via Thomson Dialog NewsEdge)Section: SET Filing - As SVOA Public Company Limited ("Company") issued warrants to directors and employees for the rights to purchase 5,000,000 Company's common shares (ESOP Scheme) on 14th February, 2001 and 28th December, 2001, the right to exercise warrants was determined to be expired on 30th December, 2005 at portion of 1 warrant : 1 common shares, at the par value of 10 Baht.



On 30th October, 2003, there were 30 Company's directors and employees requesting to exercise the right to purchase Company's common shares, totaling 4,075,000 units of warrants, by which 925,000 units of warrants remaining.

On 27th November, 2003, Company held the Extraordinary General Meeting No.1/2003 to approve the resolution to change the par value from 10 Baht to 1 Baht, price and exercise rate of warrants must be consistent with the change of par value. Therefore, there were unexercised 9,250,000 units of warrants remaining.


Furthermore, on 30th April, 2004, there were 5 directors and employees requesting to exercise another 6,250,000 units of warrants to purchase Company's common shares, by which 3,000,000 unites of warrants remaining.

At present, Company would like to notify that today, as of 30th December, 2005, is the expiration date to exercise warrants, and there is no more directors and employees requesting to exercise warrants to purchase common shares.

Therefore, Company would like to inform that the remainder of unexercised warrants of 3,000,000 units to purchase common shares is currently expired, and will proceed the capital reduction in further.

(30 December 2005)

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