Capital Increase Report Form (F53-4)
The Union Mosaic Industry Public Company Limited
March 18 th, 2004
We, the Union Mosaic Industry Public Company Limited ("The Company"), hereby report the resolution of
the Board of Directors meeting No. 1/2004, held on March 18 th, 2004 from 14.30 p.m. to 16.00 p.m. in
respect of the share allotment. The details are as follows :
1. Capital increase :
- None -
2. Allotment of unpaid ordinary shares.
The Meeting of the Board of Directors pass a resolution approving the allotment of newly issue
ordinary share that are not paid up amount 699,726 shares from the amount of unpaid ordinary shares up
of 9,799,726 shares with a par value of Baht 10.00 each, totaling Baht 97,997,260.00 according the
Extraordinary Shareholders' meeting No. 1/2003 held on September 23rd, 2003, which approved about the
subject of capital increase and to submit to the General Meeting of Shareholders for consideration and
approval of the allotment of new shares as follow :
2.1 Detail of allocation
Allocation to Number of Ratio Offering price Subscription and
Shares (Baht/share) payment period
To reserve for exercising Board of Directors of
new warrants to be the Company will
allocated to directors specify.
and employees. 699,726 - 0.00
Note : The allotment of new ordinary shares to support for Directors and employees of the Company to
exercise new warrants
Name : Warrants to buy common shares.
Type : Specified name of the holder and transferable
Amount : 699,726 Units
Maturity : 5 Years commencing from issuing date of warrants
Offering price : Baht 0.00
Exercise ratio : 1 unit of warrant : 1 common share
Exercise price : Baht 10 : 1 common share
Exercise period : Every 6 months, and the Board of Director has right to specify the first
exercise date accordingly
Secondary marker: None
2.2 In case there is any fraction of shares, the Company will allocate as follows :
- None -
2.3 The number of shares, which have not been allotted 9,100,000 shares (par value of
Baht 10.00)
3. Schedule of Shareholders meeting for capital increase/the allotment of newly issued shares.
The Annual General Meeting of shareholders for the year 2004 is scheduled to be held on 26 April 2004
at 14.30 p.m. at the Company's meeting room 27th floor Chamnan Phenjati Business Center, 65 Rama 9
Road HuayKwang, Bangkok. The share register will be closed to determine the right of shareholders to
attend this meeting from 12.00 p.m. on 2 April 2004 until the meeting is over.
4. Approval by relevant agency and conditions. The issuance of new warrants to Directors and
employees of the Company has to be approved by the Office of Securities and Exchange Commission.
5. Objectives and plans for utilizing proceeds received from the capital increase.
5.1 Objective of capital increase :
- To have the directors and employees participate in the Company as owners.
- To motivate employees and enhance loyalty to the Company
- To keep all capable and efficient personnel to continue working with the Company.
- To reserve for the Company's expansion .
5.2 Plans for Utilizing proceeds received From the capital increase. To use for working capital of
the Company.
6. Expected benefits the company will obtain from the increase of capital/allocation of new shares
1. To motivate and keep the skillful employees with the Company, which help to increase
competitiveness that lead to improve performance.
2. To have more working capital for the Company's operation.
7. Benefits which the Shareholders should expect from the increase of capita/allocation of new shares .
7.1 Dividend policy : The Company would pay the dividend as the resolution of Shareholders'
Meeting each year.
8. Other details necessary for Shareholders to approve the capital increase/share allotment.
- None -
9. Tentative time table for the capital increase/the allotment of newly issued shares.
Activities Date
1. Hold the Board of Directors' Meeting. 18th March 2004
2. Close the share register to determining the right of Shareholders
to attend the General Meeting. 2nd April 2004
3. Convene the General Meeting of Shareholders for the year 2004. 23rd April 2004
4. Allotment period to directors and employees. After approval by the office
of Securities and Exchange
Commission and related
government organizations.
The Company certified that the information described in this report is accurate and complete in all
respects
Signed.......................
(Miss Paweena Laowiwatwong)
President
The Union Mosaic Industry Public Company Ltd.
