VGI Confirms! Investing ฿4.62bln. to Take 18% of PLANB at ฿6.40/Share
VGI has confirmed an investment of THB 4.62 billion to take 18.59% of PLANB's shares.
VGI Global Media Public Company Limited (VGI) has made an official announcement, which confirms the report from Kaohoon Online, that the company plans to invest THB 4,619 million to acquire 18.59% of Plan B Media Public Company Limited (PLANB).
VGI plans to subscribe PLANB’s newly issued ordinary shares from the existing shareholders, which are 1) Plan B Investment Holding Limited 2) Outdoor Media Investment Limited 3) PT Elang Mahkota Teknologi TBK and 4) Dr. Pinijsorn Luechaikajohnpan in amount of 368,843,969 shares, totaling 721,804,705 ordinary shares in PLANB which is equivalent to 18.59% of all issued shares at the price of ฿6.40/share, equaling an aggregate of THB 4,619,550,112.
In this regard, VGI expects that the subscription of shares and the sale and purchase of shares to be completed within today, March 27, 2019.
