L P N Development Public : Resolution of the Board of Directors' Meeting of the Company regarding Shares Written and Decrease In Paid-up Capital
August 04, 2022 at 07:17 am
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-Translation-
Ref. LPN/SorKor/165/2565
4th August 2022
Re: Resolution of the Board of Directors' Meeting of the Company regarding Shares Written and Decrease In Paid-up Capital
Dear: Director and Manager
The Stock Exchange of Thailand
Reference is made to the Share Repurchase Project for Financial Management Purposes of LPN Development PCL, totaling 21,500,000 shares, equal to 1.46 percent of total paid - up capital of the Company, which the Company had scheduled the resale period of the repurchased shares during 4th December 2019 - 3rd June 2022.
By the end of the resale period of the repurchased shares, the Company was unable to resell the total share of 21,500,000 as planned. To comply with Ministerial Regulation Prescribing Rules and Procedures for the Repurchase of Shares, Disposal of Repurchased Shares and Deduction of Repurchased Shares of Companies, B.E. 2544 (2011), the Company will have to write off the unsold amount of the repurchased shares in full.
In this regard, the Board of Directors' Meeting No. 4/2022, held on 4th August 2022, resolved to approve the decrease in paid - up capital of the Company by writing off the unsold amount of the repurchased shares, totaling 21,500,000 per details in Form for Shares Written Off and a Decrease in Paid - up Capital (TS -5 Form), enclosed herewith.
Please kindly be informed accordingly.
Sincerely yours,
Mr. Opas Sripayak
Chief Executive Officer and Managing Director
-Translation-
Form TS - 5
Form for Shares Written Off and a Decrease in Paid - up Capital
LPN DEVELOPMENT PUBLIC COMPANY LIMITED
4th August 2022
1 . Shares written off
The number of shares written off, decreasing paid - up capital, is equal to 21,500,000 shares at par value 1 baht per share which are equal to 1.46 % of paid - up capital before cancellation.
2. The company's paid - up capital
The result of this decreased capital from writing off shares as above in clause 1, is:
Original capital 1,475,698,768 shares at par value 1 baht/share, the total which is 1,475,698,768 baht.
New capital
1,454,198,768 shares at par value 1 baht/share, the total which is 1,454,198,768 baht.
The company will first register this change of capital with the Ministry of Commerce and then inform the SET.
The company certifies that the information contained in this report is true and complete in all respects.
Authorized Director or Company Secretary
(Mr. Opas Sripayak) or any executive who is authorized to sign on behalf of the Company
Position Chief Executive Officer and Managing Director
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LPN Development pcl published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 06:16:05 UTC.
L.P.N. Development Public Company Limited is engaged in the real estate business. The Company's segments include Real estate, Rent & Service, Service & Management, and Others. The Company is an integrated urban housing developer. It offers a full range of services ranging from repair, construction management or renovation of the unit, including modification of various equipment in the unit such as light bulbs. The Companyâs portfolio includes Lumpini Select charan 65-Sirindhorn Station, Lumpini Place Taopoon Interchange, Lumpini Park Phahon 32, Venue 168 Khukhot Station, Venue 168 Westgate, Lumpini Townville Saimai18-Phahonyothin, Lumpini Suites Din Daeng Ratchaprarop, and Lumpini Suites Phetchaburi-Makkasan, among others. Its LPN Care provides payment service for expenses, such as water, electricity, and central fees through bill payment system; parcel notification service; repair service; and online forensic communication. It also advises on property management.
L.P.N. DEVELOPMENT 
