NMG reports good response to share issue as it raises funds for digital TV
Nation Multimedia Group is looking forward to successful fund mobilisation to finance its bid for digital TV licences after receiving an overwhelming response from shareholders to subscribe to newly issued shares, president Duangkamol Chotana said Thursda
NMG last month said it planned to increase registered capital by Bt1.79 billion from Bt873.3 million by issuing 3.38 billion new shares at Bt0.53 per share, of which 1.65 billion shares will be allocated to existing shareholders at the ratio of one new share for one existing share at Bt1 each.
The company will also issue 1.65 million warrants and certify the 82.38 million ESOP (employee stock option) warrant shares allocated for NMG executives and employees.
The Nation
