(F53-4)
Capital Increase Report Form
The Union Mosaic Industry Public Company
August 20th, 2003
We, the Union Mosaic Industry Public Company ( The Company ), hereby report the resolution of the
Board of Directors No. 3 / 2003, held on August 20th, 2003 from 3.00 p.m. to 4.00 p.m. in respect of a
capital increase as follows:
1. Capital increase:
The Meeting of the Board of Directors passed a resolution approving the increase of a registered
capital of the Company from 320,000,000.00 Baht to 576,000,000.00 Baht by mean of the
issuance of ordinary shares amount 25,600,000 shares with a par value of 10.00 Baht each,
totalling 256,000,000.00 Baht.
2. Allotment of new shares:
The Meeting of the Board of Directors passed a resolution approving the allotment of
25,600,000 ordinary shares with par value of 10.00 Baht each, totaling 256,000,000.00 Baht the
details of which are as follows:
2.1 The details of share allotment:
Allotment to Number of Ratio Selling price Date and time Note
shares (Original:New) per share of booking for
(Baht) purchasing
and payment of
shares
Original 9,600,000 5:1 12.50 - Provide that the
shareholders board of Director
and/or the persons
that the Board of
Director appointed
with right to set
closing date of
share register book
as to suspend shares
transfer for right
in booking to purchase
capital increase
common share and date
time of booking for
purchasing and
payment of shares.
To support 16,000,000 - - When right
converting of to convert
convertible have been
debenture exercised
by
convertible
debenture
holders
2.2 The company's plan in case where there is a fraction of shares remaining. -
2.3 The number of shares remaining without allotment. -
3. Schedule for shareholders meeting to approve the capital increase:
The Extraordinary Meeting of Shareholders No. 1/2546 is scheduled to be held on September
23rd, 2003 at 10.00 a.m. at the Company's meeting room, 29th floor, Chamnan Phenjati Business
Center Building, 65 Rama 9 Road, Huaykwang, Bangkok. The share register will be closed for
share transfer in order to determine the right to attend this meeting from September 4th, 2003 at
12.00 o' clock, until the meeting has been duly convened.
4. Approval of the capital increase by relevant governmental agency and conditions thereto
(if any):
The Office of the Security and Exchange Commission.
5. Objectives of the capital increase and plans for utilizing proceeds received from the capital
increase:
An amount of this money will be use to support the exercise of converting debenture that the
Company issue to debtors of the Company consisting of Thai Asset Management Corporation
(TAMC) and TISCO Finance Plc. according to Debt Restructuring Contract of the Company and
the previous mentioned debtors as part of debt payment to group of creditors of the Company.
6. Benefits which the Company will receive from the capital increase:
Part of debts will be paid to the debtors of the Company.
7. Benefits which the shareholders will receive from the capital increase:
7.1 Dividend policy -
7.2 Subscribers of new shares issued for this capital increase will be entitled to receive
dividends from the Company's business operations starting from -
7.3 Others: This is a partial debt payment to the company's debtors and it will improve the
financial situation of the Company.
8. Other details necessary for shareholders to approve the capital increase:
Please consider enclosed essential details of convertible debenture.
9. Schedule of action where the board of directors of the Company passes a resolution approving
the capital increase:
Documents enclosed. -
The Company hereby certifies that the information contained in this report form is true and
complete in all respects.
Signed ...................authorized director
( Miss Paweena Laowiwatwong )
President
Signed ...................authorized director
( Mr. Natchana Phenjati )
Executive Vice President
