THAI wavies right to Nok's new share issue
Thai Airways International (THAI) has waived its right to subscribe 141,540,206 ordinary shares, totalling Bt353.8 million, of Nok Airlines' newly issued shares to existing shareholders.
This resulted in the decrease of THAI's holding in NOK to 13.28 per cent from 15.94 per cent, according to its filing to the Stock Exchange of Thailand on Tuesday (February 17).
Nok offered the newly issued ordinary shares to existing shareholders in proportion to their respective shareholding (right offering) at price of Bt2.50 per share at the allocation ratio of 3.5 existing shares to 1 newly issued share.
On February 14, NOK reported a subscription result to the SET which showed 620,670,967 shares subscribed with 267,476,391 remaining shares.
