TTA proposes rights offering

Bangkok: Thoresen Thai Agencies has approved a capital increase proposal through a Rights Offering (RO), pending shareholder approval.  The funds will be deployed to bolster TTA’s core businesses.  At a ratio of 15 existing shares to 6 newly issued shares, the rights offering will deliver a minimum discount of 20% with two free warrants for every six newly issued shares.

TTA proposes to issue 865,403,531 new shares through this RO, at a ratio of 15 existing shares to 6 newly issued shares, which will be subject to shareholder approval at its Annual General Meeting of Shareholders (AGM) on 28 January 2014.  [24/12/14]

 

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