Siam Commercial Bank Public: Notification of change of account closing date / last trading date of 1 DW issued by FSS







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Mar 18, 2022 5:46:50 p.m.

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Notification of Change in Closing Date / Last Trade Date of 1 DW issued by FSS

Full Detailed News

                Change of Exercise date / Last trading date


Subject                                  : Notification the change of Final 
Exercise of securities
Date announced                           : 18-Mar-2022
Before Exercise date                     : 08-Jun-2022
After Exercise date                      : 18-Apr-2022
Before Book-closing date of DW           : 08-Jun-2022
After Book-closing date of DW            : 18-Apr-2022
Before Last trading date                 : 02-Jun-2022
After Last trading date                  : 08-Apr-2022
Before Date of post "SP" sign            : From 06-Jun-2022 to 08-Jun-2022
After Date of post "SP" sign             : From 11-Apr-2022 to 18-Apr-2022

The reason for change                    :
According to the Extraordinary General Meeting of Shareholder no.1/2021 of THE 
SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED ("SCB") has approved to delist SCB
from SET, in accordance with the SCB Financial Group Restructuring Plan whereby
the Bank had arranged to establish "SCB X Public Company Limited" "SCBX") to be
a parent company of the companies in the financial group,  having a role in
policymaking, and supervising and managing the financial business group. SCBX
will make a tender offer for all of the Bank's securities to the shareholder of
the Bank, by issuing new shares and offering such newly-issue ordinary shares in
exchange for the Bank's ordinary shares and preferred shares, at a swap ratio
of 1 ordinary share of the Bank for 1 ordinary share of SCBX , and 1 preferred
share of the Bank for 1 ordinary shares of SCBX. The Tender Offer period will
commence from March 2, 2022 to April 18 , 2022.

Name of securities                       : SCB24C2206A
Exercise price (baht per share)          : 168.208
Exercise ratio (Derivative warrants :    : 11.77024 : 1
underlying securities)




Remark                                   :
1. Calculation Method for Net Cash Settlement Amount is the fair price which 
will be calculated by using Black-Scholes Model multiply by Exercise Ratio per
DW and having the closing price of SCB shares in the SET on April 8, 2022 as
Settlement Price. (Reference from
https://www.set.or.th/set/newsdetails.do?newsId=16475606069000&language=en&count
ry=US)
2. Any Derivative Warrant (DW) will automatically be exercised if the Net Cash 
Settlement Amount on the Automatic Exercise Date is greater than zero (without
notice being given to the Holders). The Issuer will pay to the Holders the Net
Cash Settlement Amount (if any) with procedure defined in Terms and Condition.
3. The Holders can deny the exercise of DW by informing their broker in 
accordance with procedures stipulated by their broker.

Authorized Persons to Disclose           : Choengchon Tongjaroensuk
Information
Position                                 : Executive Vice President


______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.

           

Warning

SCB – Siam Commercial Bank pcl published this content on March 18, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 18, 2022 11:02:04 AM UTC.

Public now 2022

All news from THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED

2022 sales 151B
4,559 million
4,559 million
2022 net income 41,353 million
1,245 million
1,245 million
Net debt 2022

PER 2022 ratio 9.82x
2022 return 3.86%
Capitalization 410B
12,333 million
12,333 million
capi. / Sales 2022 2.71x
capi. / Sales 2023 2.61x
# of employees 25,953
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Medium consensus TO BUY
Number of analysts 20
Last closing price

THB120.50

Average target price

THB145.85

Average Spread / Target 21.0%


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