Notification of Usage from Offering Newly Issued Ordinary Shares to Existing Shareholders (Right Offering: RO) and Usage from Offer Newly Issued Ordinary Shares to Private Placement (Private Placement: PP)
August 01, 2022 at 04:05 pm IST
Share
DIMET ACC 012-2022
July 31, 2022
Subject
Notification of Usage from Offering Newly Issued Ordinary Shares to
Existing Shareholders (Right Offering: RO) and Usage from Offer
Newly Issued Ordinary Shares to Private Placement (Private
Placement: PP)
To
Director and President
The Stock Exchange of Thailand
According to Dimet (Siam) Public Company Limited ("company") has offered newly issued ordinary shares to existing shareholders during year 2020 by Right Offering (RO) during October 22 - 29, 2020 as amount of 1,076,749,044 shares (par value of Baht 0.50) thus offering price of Baht 0.10 per share in totaling of Baht 107,674,904.40. The company would like to provide notification regarding usage of newly issued ordinary shares as ended June 30, 2022, as follows:
Objective of Fund
Budget
Total expense
Remaining
Total expense
Company
Remaining
raising
as December
Balance as
during January
Paybacks
Balance as June
31, 2021
December 31,
1, 2022, to June
Overused
30, 2022
2021
30, 2022
Budget
1.
Working capital
25,674,904.40
*47,315,753.22
-
-
-
-
2.
Payback to creditor
20,000,000.00
20,000,000.00
-
-
-
-
3.
Loan payback
45,000,000.00
-
23,359,151.18
-
21,640,848.82
45,000,000
4.
Reserve for coating
17,000,000.00
17,000,000.00
-
-
-
-
business expansion
Total
107,674,904.40
84,315,753.22
23,359,151.18
-
21,640,848.82
45,000,000
*The Company used fund from a loan payback budget as working capital during year 2021 and paid back by using a working capital budget, received from Offering Newly Issued Ordinary Shares to Private Placement during December 20, 2021, to March 4, 2022.
The Company offered newly issued ordinary shares by Private Placement (PP) during December 20, 2021, to March 4, 2022, as amount of 400,000,000 shares (Par
Value of Baht 0.50) with offering price of Baht 0.59 per share in totaling of Baht 236,000,000. The company would like to provide notification regarding usage of newly issued ordinary shares as ended June 30, 2022, as follows:
Objective of Fund raising
Budget
Total expense
Remaining
during January
Balance as June
1, 2022, to
30, 2022
June 30, 2022
1.
Working capital
113,870,000
77,321,888.38
36,548,111.62
2.
To invest and/or operate
122,130,000
-
122,130,000
natural and synthetic rubber
and latex business
Total
236,000,000
77,321,888.38
158,678,111.62
Please be informed accordingly.
Sincerely yours,
(Mr. Pichai Chainarongloka)
Chief Financial Officer
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Dimet Siam pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 10:34:04 UTC.
Dimet (Siam) Public Company Limited is a Thailand-based company that is engaged in the manufacturing of varnishes and similar types of coatings and wood oil. The Company operates through five segments: manufacture and distribution of paints, construction service, sale of construction materials, maintenance service, and other. The Company's products include DIMET, WATTYL, CARBOLINE and Rust Protection Color. Its DIMET products include GP Q/D Enamel ZP Primer, Lacquer Enamel, GP Q/D Enamel, Aquacote DTM Black, DS Electrostatic B/E Primer, DS Electrostatic Baking Enamel, DS STE 750, DS EPZ 200, DS CTE 660 and DS Poly U-480. The Company's WATTYL products include 239 Super Etch, Wattyl GI Primer, Techcote 3000, Solagard L/S Tower, K/R STE 582, Industrial Epoxy Gloss, K/R Poly U-400 and Wattyl SolaGard Satin/Semi Gloss. Its CARBOLINE products include Carbozinc 11FC, Carbozinc 859, Carbomastic 15, Carboguard 893SG, Carboguard 893SG MIO, Galoseal WB, Carboguard 890GF and Carboguard 690.
Notification of Usage from Offering Newly Issued Ordinary Shares to Existing Shareholders (Right Offering: RO) and Usage from Offer Newly Issued Ordinary Shares to Private Placement (Private Placement