IEC successfully held AGM 2016, expressing overwhelm support from the shareholders
The International Engineering Public Company Limited (IEC) has successfully held their Ordinary General Meetings (AGM) 2016 on 25 April 2016 at the Queen Sirikit National Convention Centre with overwhelm supporting from the shareholders, accounting for over 36.76 %
IEC held its ordinary general meeting 2016 on 25 April 2016 at the Queen Sirikit National Convention Centre to ask the permission from the shareholders to issue warrants (IEC-W2). The warrants will be issued to the existing shareholders with free of charge at ratio of 5 existing shares to 1 warrant. These warrants will have lifetime for 3 years and can be exercised quarterly.
The period for allocating warrants and its details are as follows:
- First day to post “XW” sign : 03 May 2016
- Set record date for IEC-W2 : 09 May 2016
- The date of share register book-closing to collect a list of shareholders : 10 May 2016
- Issue and Allocate period for IEC-W2: one month (after the book-closing date)
For this AGM 2016, IEC was overwhelm support by the shareholders for joining by themselves and giving proxies, accounting for over 36.76 % or approximately 74,000 million shares. (On the AGM date, share price was closed at THB 0.04 / share, rising THB 0.01 or 33.33% compared to the closing price on 24 April 16)
Source: IEC investor relations
26/04/2016