VGI Closes the Deal in an Instant, Moving to 2nd Major Shareholder of PLANB with 18.59%
VGI is now the 2nd major shareholders of PLANB after taking 18.59% from the issuance and allocation of newly issued ordinary shares.
Plan B Media Public Company Limited (PLANB) has disclosed information to the Stock Exchange of Thailand (SET) on the issuance and allocation of newly issued ordinary shares to VGI Global Media Public Company Limited (VGI) under a General Mandate on March 26, 2019.
PLANB has clarified that the shareholding structure of the company before and after the issuance and allocation of newly issued ordinary shares to VGI and sale of shares by certain existing shareholders to VGI,
VGI currently holds 721,804,705 shares or 18.59% of PLANB, moving to be the second major shareholder of PLANB after Mr. Palin Lojanagosin, Chairman of Executive Committee of PLANB, who holds 25.86% of shares.
In addition, VGI requested to send one representative to be a director of PLANB, but will not participate in the management of the company. Therefore, the meeting of the Board of Directors of PLANB resolved to approve the appointment of Mr. Lap Shun Nelson Leung as a director of PLANB.
