MINT Announces a Reduction of RO Price to ฿17.5 at for Shareholders’ Best Interest

As Minor International Public Company Limited (MINT) has notified the allocation of 563,293,276 new ordinary shares for the offering to existing shareholders of the company in proportion to their respective shareholdings at the ratio of 8.2 existing ordinary shares to 1 new ordinary share (the Rights Offering) at the offering price of 18.90 Baht per share on June 24, 2020.

 

For the best interest of MINT and its shareholders, MINT announced that the company has considered it is appropriate to reduce the offering price of new ordinary shares in the Rights Offering with the new Offering Price of 17.50 Baht per share, or equivalent to 7.4% reduction to the announced Offering Price, at the same share allocation ratio of 8.2 existing ordinary shares to 1 new ordinary share. 

 

The Offering Price Adjustment is in accordance with the Shareholders’ Annual General Meeting No. 27/2020 of the company.