Notification of the Company Directors' Meeting No. 5/2010
Ref. LAW 53/12/10
21st December 2010
Re: Notification of the Company Directors' Meeting No. 5/2010
Attention: Director and Manager The Stock Exchange of Thailand
Pursuant to the Company Directors' Meeting No.5/2010 held on Monday 20th December 2010 , the Meeting approved the important agenda as follows:
1. Certified of the Company Directors' Meeting No. 4/20103
2. Approved the common stock acquisition of Prinventure Company Limited from Univenture Public Company Limited in the amount of 4,899,994 shares with the value at 8 baht per share and totaling value 39,199,952 baht. The Transaction Size Consideration by the Net Tangible Asset Criteria is 1.77 % After the acquisition Prinsiri will have proportion of shares holding of Prinventure at 100 %
3. Approved the Amendment the Article of Association of the Company in the article 43.1 to be as follows: "The Board of Directors has right to appoint the amount of the directors and the managements at their discretion to be the Executive Board with authorities and responsibilities to manage the Company's business as assigned by the Board of Directors. And the Executive Board has right to appoint the director in their member to be the chairman of the Executive Board"
And propose for shareholders' approval in the forthcoming AGM.
Please be informed accordingly
(Mr. Sakol Pao-in)