ISSUES CONVERTIBLE DEBENTURES
THE UNION MOSAIC INDUSTRY PUBLIC COMPANY LIMITED
The Union Mosaic Industry Public Company Limited board of director's meeting (#2/2546) held on
July 29th, 2003. Passed a resolution approving the issuing of convertible debentures, The details are as follows:
1. Number of convertible debentures issued : 160,000 shares
2. Par value : Bt 1,000
3. Expected sale price/share : Bt -
4. Allotted to : Bt 144,744,000.00 (TAMC)
: Bt 15,256,000.00 (TISCO)
5. Subscription and payment period : -
6. Approval by relevant governmental agency : -
and conditions there to (if any) : The office of the Securities and Exchange
: commission.
7. Amount of proceeds to be received : -
8. Objectives and plans for utilizing proceeds received:
Objectives and plans Funds required Completion period
- - -
9.Details of the debentures :
1. Collateral : (with or without collateral) without collateral
2. Interest rate : MLR-1% per year
Interest payment : every 6 months
3. Maturity : 5 years
Maturity date : September 2nd, 2008.
4. Redemption : -
5. Conversion ratio : 1 convertible debenture per 100 common share
Conversion price : -
Conversion period : within the period of 3-5 years
10. Number of common share issued to support the issuance of convertible debenture 16,000,000
shares
11. Schedule for shareholders meeting :
- An ordinary/extraordinary meeting of shareholders (#1/2003) is
scheduled to be held on September 2nd, 2003 at 10.00 am. at the
company
- The share register will be closed for share transfers in order of
determine the right to attend this meeting from 12.00 pm. on August
13th, 2003 until the meeting has been duly convened.
Signature ................... Authorized director
(Miss Paweena Laowiwatwong)
Position President
