SET to Delist EARTH, Allowing for a Cash Balance Trade on Sep. 11-19!

On September 2, 2019, the Stock Exchange of Thailand (SET) has delisted common shares of Energy Earth Public Company Limited (EARTH) from being listed securities due to the company’s failure to submit the financial statements within specified deadline according to clause 9(3) and 9(5) of SET’s regulation Re: Delisting of Securities B.E.2542 (1999).

Moreover, the company is unable to rectify the grounds for delisting and to repossess the qualifications to resume trading within specified deadline according to SET’s regulation regarding the delisting of securities.

 

SET will allow trading on EARTH’s common shares for 7 business days before the effective date of delisting, which means the period of September 11-19, 2019, under the following regulations and conditions;

1. The investors are required to purchase such securities through cash balance account which means that the investors have to pay the full amount in cash prior to purchasing.
2. NC sign will remain to post during such trading period in order to remind the investors to be careful in trading securities.
3. SET will not specify the Ceiling and Floor prices of securities on the first trading day (September 11, 2019) in order to allow securities to be traded under actual market conditions.
4. These securities will not be included in the SET Index calculation.

 

After the end of the trading period, September 19, 2019, SET will delist the common shares of EARTH from listed securities, effective from September 20, 2019 onwards.

However, for warrants to purchase new ordinary shares of EARTH No.4 (EARTH-W4), which the last exercise date is on September 13, 2019 and will be delisted from being listed securities on September 14, 2019, SET will post an SP sign to suspend trading on EARTH-W4 until September 13, 2019 and will not allow trading on EARTH-W4 during such period.

 

As a result, SET has advised investors to carefully study the company’s information such as financial positions, operating results, type of auditor’s report, historical news as well as risks and other related factors.

In addition, in order to provide service for the investors to access information, SET preliminary summarizes information of the latest financial statements together with type of auditor’s report and the latest annual registration statement (Form 56-1) that the company disclosed via SET’s disclosure system. The investors can study the company’s key information through the links in the table below.