Seamico wins capital-increase approval
Seamico Securities Plc's shareholders approved the issuance of new shares, partially to be issued to shareholdes as stock dividend.
On Dec 15, the shareholders approved the stock dividend programme, whereby a share will be issued to every 10.170001 existing shares, said Chaipatr Srivisarvacha, executive chairman and CEO of Seamico Securities. The total value is Bt40 million.
The company's capital will be raised by Bt100 million, by the issuance of 200 million shares at Bt0.50 par value. Eighty million shares will be issued for the stock dividend programme, while the rest will be allocated to the existing shareholders through a Right Offering in the ratio of 6.780001 existing shares for 1 new share at a par value of Bt0.50 per share.
The new shares will raise the company's registered capital to Bt511.34 million, which enables it to meet the minimum Bt500 million capital requirement that will become effective on January 1, 2012.
