To report the resolution of the Board of Directors' Meeting, session. 4/2010
SET 018/2010
July 02, 2010
Subject: To report the resolution of the Board of Directors' Meeting, session. 4/2010
To : President The Stock Exchange of Thailand
The Board of Directors' Meeting, session 4/2010 of SVI Public Company Limited held on July 02, 2010, at 11.30 a.m., has resolved to acknowledge the adjustment of the number of non-transferable right warrants to purchase the Company's ordinary shares being issued to directors and employees (ESOP-5) that allocated to Mr. Ruangpoj Phakdurong and Mrs. Pissamai Saibua.
Referring to the approval made by the Annual General Meeting of Shareholders No. 1/2010, dated 28 April 2010, agenda 9.2.6 and 9.2.7, the non-transferable right warrants under this program will be allocated to Mr. Ruangpoj Phakdurong and Mrs. Pissamai Saibua at 3,500,000 units and 3,000,000 units or 6.36 % and 5.45% of total units issued respectively.
In accordance with The Notification of the Capital Market Supervisory Board No. Tor Jor 32/2551 regarding the offering newly-issued shares to the Directors or Employees. In case, if the allocation made to any director or employee higher than 5% of total units issued, the amount of benefits received from this program calculated from the different of offering price and market price of each director or employee, required to be clearly disclosed in the Notice of the Shareholders' Meeting.
In order to comply with the above mentioned regulation, The Nomination and Compensation Committee has approved, and acknowledged by The Board of Directors to reduce the allocation of the non-transferable right warrants, to Mr.Ruangpoj Phakdurong and Mrs. Pissamai Saibua, to be at 2,740,000 units each or 4.98% of total units issued.
We, therefore, inform you of the above for your acknowledgment and dissemination to the public and investors.
Yours sincerely,
(Mrs.. Pissamai Saibua)
Chief Financial Officer
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