According to the resolution of the board of directors meeting no.7/2010, Seamico Securities Public Company Limited (ZMICO) will reduce its capital by reducing the par value from Baht 1 to Baht 0.50 per share without any change in the number of shares and subsequently return the capital of Baht 0.50 per share to all shareholders proportionately to their respective shareholding. Thus, ZMICO has set the closure date for share register book on December 20, 2010.
In this case, the SET will not post any beneficial sign on ZMICO securities. At any case, please be informed that the investors who buy ZMICO from December 15, 2010 onward will not have the right to receive a refund of capital from the capital decrease of the company.
As the refund of capital might affect the trading price of ZMICO, the daily price limit of the ZMICO securities will be adjusted in order to allow the market mechanism to work properly. Thus, by the virtue of Clause 24(4) and (6) of the regulation of Trading, Clearing and Settlement of Securities in the Exchange (No.2), 1999. The SET will change the daily price limits on ZMICO securities on December 15, 2010 from the regular 30% to 100% of its last trading price.