7 April 2015 - Raimon Land PLC (RML), Thailand’s leading real estate developer, today announced to the Stock Exchange of Thailand (SET) the board resolution to issue warrants allowing shareholders to purchase the Company’s ordinary shares by way of rights issue.
- Shareholders are entitled to one warrant (RML-W4) at the ratio of 4 existing shares to one warrant, with the offering price of THB 0.00 per unit.
- Terms of RML-W4 will be 3 years from date of issuance and the warrants shall be allotted to existing shareholders whose names appear on the share registry book on 9 June 2015.
- One unit of RML-W4 is eligible for one ordinary share at the exercise price of THB 1.97
The company will continue to maintain its strong position as the leading real estate company for high-end residential property reaching both Thai and international buyers, through delivering landmark developments, ongoing partnerships and targeted initiatives.