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稳定的供应 合理的价格 高资量的产品 紧密的合作 For more than three decades, Thai Rubber Latex Corporation has stably become one of the most recognized concentrated latex producer in Thailand and gained numerous reputations within rubber industry worldwide. We have been continuously improving our manufacturing process, logistics network, and material supply management to ensure that we are fully capable of delivering the finest product to our customers when they want. Our devotions to quality are aimed at providing real customer benefits, the benefits that last resulting in maximum customer satisfaction. Thai Rubber Latex Corporation is a leading manufacturer and exporter of latex concentrate, disposable rubber gloves, extruded rubber threads, and various rubber products. Our core competitiveness is derived from consistency of supply, high-quality products, spontaneous customer services. That is contributable to our success.

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  The determination of duration of restriction of sale shares (Silent Period) of newly issued ordinary shares which offer to a specific person (Private Placement)
10 January 2018

10 January 2018

Subject: The determination of duration of restriction of sale shares (Silent Period) of newly issued ordinary shares which offer to a specific person (Private Placement)

To:          President of the Stock Exchange of Thailand

                   

                Regarding the notification of the issuance and offering ordinary shares to the specific person of Thai Rubber Latex Corporation (Thailand) Company Limited (the “Company” or “TRUBB”) in accordance with the shareholder’s resolution No. 1/2017 which is published via Stock Exchange of Thailand on January 3, 2018, the Company offered its ordinary shares not exceeding 1,200,000,000 shares with a par value of Baht 1.00 per share to the specific person which is Thai Rubber Latex Group Company Limited (“THAITEX”) and stipulated the offering price of Baht 1.00 per shares in order to be a consideration of entire business of THAITEX.

                The determination of the offering price of newly issued ordinary shares has a discount at 52.15 which is considered  an offering of the ordinary shares to a specific person (private placement) with a distinct offering price and a discount more than 10 percent of the market price pursuant to the Notification TorJor. 72/2558. In this regard, the market price means the weighted average method of the Company’s shares on 7 consecutive business days prior to the date on which the Board of Directors resolves to propose to Extraordinary General Meeting of Shareholders No. 1/2017 for the approval of the Company’s issuance of the newly issued ordinary shares from 1 November 2017 to 9 November 2017 which is equal to 2.09 Baht (Reference: www.set.or.th).

 

                Moreover, in order to comply with the Notification of the Stock Exchange of Thailand, Re: Regulations, Conditions, and Methods of Considering the Request for the Acceptance of Ordinary Shares or Preferred Shares in the Increased Capital as the Registered Capital B.E.2558, the Company has an obligation to notify the market price which means the weighted average method of the Company’s shares on 7 but not exceeding 15 consecutive business days prior to the first date of the share offering. Therefore, the Company shall clarify the market price of the Company’s shares on 7 consecutive business days between December 22, 2017, and December 28, 2017, as follows:

 

 


                
In this regard, the offering price of the newly issued ordinary shares is lower than 90 percent of the market price of the Company’s shares on 7 consecutive business days prior to the first date of the share offering. Therefore, it is subject to the provision of offering price which is lower than 90 percent of the market price pursuant the Notification of the Stock Exchange of Thailand, Re: Regulations, Conditions, and Methods of Considering the Request for the Acceptance of Ordinary Shares or Preferred Shares in the Increased Capital as the Registered Capital B.E.2558 (and its amendments). Hence, the Company has to stipulate the duration of restriction of sale those ordinary shares within the period of 1 year from the date the newly issued ordinary shares are traded on the Stock Exchange of Thailand. However, upon completion of 6 months period, the person who is subject to the restriction of sale can gradually sell their shares at 25 percent of the total number of shares that are subject to the restriction of sale.
 

                However, the increment of capital as mentioned above is a part of a corporate restructuring under the regulation of entire business transfer for tax exemption and the Company obtained a permission from Securities and Exchange Commission for offering its ordinary shares to THAITEX which is a subsidiary of the Company and the Company holds its shares at 99.99%.


                Moreover, THAITEX will not trade those newly issued ordinary shares to the public until the reduction of registered capital which will be completed in accordance with the restructuring plan under the entire business transfer. In this regard, the Company predicts that the reduction of registered capital will be held within 1 year which will be finished before the period of restriction of sale the ordinary shares (Silent Period) is expired.

 

                Consequently, those newly issued newly ordinary of THAITEX will be not distributed through the Stock Exchange of Thailand. Also, the Company has the measurement when THAITEX holds its shares. THAITEX will not use the right of voting in the shareholder’s meeting including any dividend of the Company.

                Please be informed accordingly.

 

Sincerely yours,

 

  (Mr.Vorathep Wongsasuthikul)

                                                                                             Managing Director

 
 
 
 
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