The Board of
Directors of THAICOM
Public Company
Limited (the
“Company”) at its
Meeting No.7/2014
held on 29 April
2014 passed a
resolution approving
the investment in
Thaicom 8 Satellite
Project (the
“Project”), in the
total amount not
exceeding US$ 170
million plus 5% or
equal to maximum
investment value at
the amount of US$
178.5 million , or
Baht of 5,791
million (at the
exchange rate of
Baht 32.44 to
US$1.00 as of
average rate on
March 2014 from Bank
of Thailand)
The said Transaction
constituted the
acquisition of
assets by a listed
company, calculated
on the basis of the
total value of
consideration is
21.15 percent (base
on the audited
Company’s financial
statements as of
31st December 2013)
The size of the
Transaction,
including other
assets acquired
during the preceding
6 months namely; to
acquired shares of
Orion Satellite
Systems Pty Limited,
calculated on the
basis of the total
value of
consideration is
0.68 percent (base
on the review
Company’s financial
statements as of
30th September 2013)
calculated on the
basis of the total
value of
consideration is
21.83 percent.
The size of the
transaction is
considered as Class
2 Transaction under
the Notification of
the Stock Exchange
of Thailand Re:
Disclosure of
Information and
other Acts of Listed
Companies Relating
to the Acquisition
or Disposition of
Assets 2004 that is,
the size of the
transaction, when
calculated on the
basis of the total
value of
consideration is
equal or higher than
15 percent but not
more than 50 percent
of the total assets
of the listed
company, and the
Company is required
to report such
investment to the
Stock Exchange of
Thailand (“SET”) and
inform the
shareholders of the
transaction within
21 days from the
date of notifying
the SET. The detail
of the said
investment is
attached herewith.
