November 20, 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 4th exercise on November 20, 2006 is as following:
1. Results of the exercise of warrants
- | Number of exercising warrant-holders | 80 | persons |
- | Number of exercised warrants | 9,293,100 | units |
- | Warrants remaining after this exercise | 23,089,800 | units |
- | Number of ordinary shares issued for this exercise | 9,293,100 | shares |
- | Remaining number of ordinary shares reserved for the exercise of warrants | 23,089,800 | shares |
2. The amount of money received from the shares issued through the exercise of warrants was 33,455,160 Baht
Please be informed accordingly.
Yours sincerely,
Mr. Pichet Vipavasuphakorn
Managing Director