The company had prior capital of 466,115,601 shares of common stock amounting to Bt745.78 million, and 56,595 additional shares, resulting in a new capitalisation of 466,172,196 shares of common stock amounting to Bt745.87 million.
The shares were allocated for ESOP Warrants (ESOP No. 2), amounting to 55,205 units exercised to 56,959 common shares. The warrants were issued at a ratio of one warrant to 1.0252 shares for an exercise price of Bt1.951 per share. They were exercised from June 24 to June 28.
Nawarat Patanakarn plans to purchase the product brand Baranee, valued at Bt50 million, from Ruean Rapee within the third quarter of fiscal year 2013.
Ruean Rapee conducts the business of a housing estate on Klongsam Canal Road, in Klong Sam Wa district, under this brand name.
Sutassance and Suteera Bhudharee – the daughters of Mana Karnasuta, chairman of Nawarat Patanakarn directors and the younger sisters of Polpat Karnasuta, the company’s president and director – are the authorised directors and shareholders of Ruean Rapee.
Nawarat Patanakarn intends to perform the business of real-estate development using the housing estate’s name related to the Baranee brand.
PAE has issued and offered for sale convertible debentures to foreign investor Advance Opportunities Fund, incorporated in the Cayman Islands with Advance Capital Partners as a fund manager.
The issuance and offering is made in Singaporean dollars in the number of 10 debenture certificates valued at a total of S$500,000 (Bt12.25 million).
The convertible debentures were issued on June 27 and will be exercisable on business days for three years from the first date of issuance at an interest rate of 2 per cent annum, payable on December 31 every year.