Expenditure of Fund from the Increment of Paid - Up Capital Report
The Union Mosaic Industry Public Company Lid.
February 16th , 2004.
The Union Mosaic Industry Public Company Ltd. (The Company) has arranged for
subscription of newly issued ordinary shares to be held on January 14th - 20th, 2004
according to the resolution of the Extraordinary Meeting of shareholders No.1/2003.
And the existing shareholders, whose names have been registered in the share register
book on the date of October 3rd,2003,are offered to subscribe newly issued ordinary
shares amount 6,400,000 shares at a ratio of 5 original shares to 1 newly issued ordinary
share at price per share of 12.50 Baht each, It appears that the Company has sold newly
issued ordinary shares amount 6,200,274 shares with total value of 77,503,425.00 Baht
(Seventy seven million five hundred and three thousand four hundred and twenty five Baht).
For the amount of money receiving from subscription of newly issued ordinary shares, the
Company has paid in all back to the Company because the company has reserved the money amount
80,000,000.00 Baht (Eighty million Baht) in advance to purchase back convertible debenture from
the group of debtors amount 64,000 shares with par value of 1,000.00 Baht (One thousand Baht)
at price 1,000.00 Baht (One thousand Baht) each plus return benefit at 250.00 Bath (Two hundred
and fifty Baht) each and all the mentioned convertible debentures are canceled. Then the newly
issued ordinary shares amount 6,400,000 shares with par value of 10.00 Baht (Ten Baht) are
allocated for subscription to existing shareholders at a ratio of 5 original shares to 1 newly
issued ordinary share at price per share 12.50 Baht (Twelve Baht and fifty stangs) each.
The Company would like to confirm that the information in the report is correct and cover all
matters.
(Signed)........................... Authorized Signature of
(Miss Paweena Laowiwatwong) the Board of Director
President
(Signed)........................... Authorized Signature of
(Mr. Natchana Phenjati) the Board of Director
Executive Vice President
