Siam Commercial Bank Public: Notification of change of account closing date / last trading 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


______________________________________________________________________
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