Tommy Taechaubol, Chief Executive Officer of Country Group Holdings Public Company Limited (CGH), said the 2015 annual general shareholders meeting had agreed to raise the company’s registered capital by 2,993,933,974 baht (from 4,021,637,396 baht to 7,015,571,370 baht) by issuing 2,993,933,974 new shares with a par value of one baht to existing shareholders at the ratio of one old share to one new share. The offering price is 1.30 baht per share.

The share subscription and payment will be held for five working days during May 22-28, 2015, from 9 a.m. to 3 p.m. at: Country Group Securities PCL, 132 Sindhorn Tower 1, 2nd floor, Wireless Road, Lumpini, Pathumwan District, Bangkok. The telephone number is (66) 0-2205-7000, with the extensions 2300, 2301, and 2305.

In the case where there are unsubscribed newly issued shares, they will be allocated and sold to groups of individuals, institutional investors, and/or other investors at the minimum price of 1.66 baht per share. These allocations can be made within one or many transactions, depending on the financial and capital market environment as to whether or not we can maximize benefits for the company.

“This capital increase will raise funds for the company’s working capital and cash flow. CGH’s capital and financial status will also get stronger and allow it to invest in bigger projects that will deliver higher yields. Moreover, this will be our preparation for expanding our business and investments to generate more suitable returns to shareholders by the time the AEC is established at the end of the year. This will eventually enhance our business potential and increase our profitability,” Tommy said.

After the company issues the new shares and allocates them to existing shareholders, it will register the change of its paid-up capital at the Ministry of Commerce. After that, the company will issue its warrants at the maximum amount of 427,704,853 units to its registered shareholders. The closing date for CGH’s share registration will be decided by the board. The issuance of CGH warrants are intended to thank our shareholders for their support of the capital-increase program.