January 29, 2004.
Subject : Notification about the amount of newly issued ordinary shares remained from allotment.
To : The President, The Stock Exchange of Thailand.
According to the resolution of the extraordinary General Meeting of Shareholder No.1/2003, held on
September 23, 2003, has approved that The Union Mosaic Industry Public Company Limited (the company)
allocated the newly issued ordinary shares amount 25,600,000 shares as the followings:
1. Amount of 16,000,000 shares to support the conversion of convertible debenture to ordinary shares
that the company has issued convertible debenture of 160,000 shares at 1,000.00 baht each total
value of 160,000,000.00 baht us to pay debt to the group of debtors with conversion ratio of 1
convertible debenture to 100 ordinary shares.
2. Amount 9,600,000 shares to be offer for subscription to the original shareholders that name
appeared on the share register book, which closed on October 3, 2003 according to the ratio of
holding shares. Shareholder has a right to subscribe newly issued ordinary shares with the ratio of
5 original ordinary shares to 1 newly issued ordinary shares at the price of 12.50 baht each.
With the committee and/or the persons who the committee appointed, have right to manage
any matter that might be suitable for issuance and subscription the mentioned shares is every matter.
The company would like to notify that the allotment of newly issued ordinary shares has been made
according to the resolution no.2 to offer for subscription to the original shareholders at the ratio of 5 original
ordinary shares to 1 newly issued ordinary share. The company has allocated as to reserve for the group of
debtors who are convertible debenture holders will apply their to convert convertible debenture to ordinary
shares according to the resolution no.1 before the specific date for the closing date of share register book in
order to get the right to subscribe the newly issued ordinary shares. And it will result in making the paid-up
capital increase from 320 million baht to 480 million baht.
Later on October 17, 2003, the company has applied for the right to purchase book the convertible
debentures from the group of debtors amount 64,000 shares at 1,000.00 baht each plus the return benefit at
250.00 baht each and the company has cancelled the convertible debentures that purchased back from the
group of debtors immediately according to the details specified in convertible debentures. For the convertible
debentures that the group of debtors have left amount 96,000 shares, the group of debtors have applied their
right to convert then to ordinary shares amount 9,600,000 shares on November 28, 2003, which issue the day
after the closing date of share register book for subscription to newly issued ordinary shares.
Therefor, the paid-up capital of the company on the closing date of share register book for the right to
subscribe to newly issued ordinary share (October 3, 2003) remained as 320 million baht. The allocation of
newly issued ordinary shares to offer for subscription to the original shareholders according to the resolution
no.2 is equal to 6.4 million shares only. There are 3.2 million shares of newly issued ordinary shares, which are
not allocated and the company has allowed the original shareholders subscribed to newly issued ordinary
shares during January 14 - 20, 2004. It appeared that the original shareholder subscribed to the newly issued
ordinary shares amount 6,200,274 shares the remained newly issued ordinary shares that are not subscribed
amount 199,726 shares. Total remained ordinary shares according to the resolution no.2 amount 3,339,726
shares.
For the ordinary shares that are alloted to support the conversion of convertible debentures amount
16,000,000 share, when the company has purchased back the convertible debentures from the group of debtors
amount 64,000 shares at 1,000.00 baht each and these convertible debentures has been cancelled immediately
to make the convertible debentures that the group of debtors have still held at amount 96,000 shares at 1,000.00
baht and the group of debtors have applied their right to convert to ordinary shares amount 9.6 million shares.
The remained ordinary shares that are alloted to support the conversion of convertible debentures amount 6.4
million shares.
The company would like to in form that the allotment of newly issued ordinary shares amount 25,600,000
shares, is according to the resolution of the extraordinary general meeting of shareholder no.1/2003 and there
are the remained unallotment of newly issued ordinary shares amount 9,799,726 shares that the company will
consider the management of this amount in the next matter.
Please be informed accordingly.
Yours Sincerely,
(Miss Paweena Laowiwatwong)
President
