February 21, 2006
RE: Report on the Result of Warrant Exercise (ESOP-W1)
To: The President
The Stock Exchange of Thailand
Referring to the allotment of the warrant of Asian Property
Development Public Company Limited to Employees of the Company and
its Subsidiaries under ESOP scheme No. 1 totaling 34,000,000 units at
the exercise ratio at 1 warrant per 1 ordinary share at price of Baht
3.60 per share, the result of the 1st exercise on February 20, 2006
is as following:
1. Results of the exercise of warrants
-Number of exercising warrant-holders 11 persons
-Number of exercised warrants 667,600 units
-Warrants remaining after this exercise 33,332,400 units
-Number of ordinary shares issued for this exercise 667,600 shares
-Remaining number of ordinary shares
reserved for the exercise of warrants 33,332,400 shares
2. The amount of money received from the shares issued through the
exercise of warrants was 2,403,360 Baht
Please be informed accordingly.
Yours sincerely,
Mr. Pichet Vipavasuphakorn
Managing Director