Notification of the exercise of warrant under the Employee Securities Option Plan of Thai Airways International Public Company Limited
We refer to the issuance of Thai Airways International Public Company Limited (“the Company”) 154,650 units of type-one warrant (“THAI-WA”), and 154,650 units of type-two warrant (“THAI-WB”) with exercise ratio being 1:1, exercise price being 15 Baht per unit, and exercise every 3 months thereafter. The first exercise dates of THAI-WA and THAI-WB were on October 4, 2004, and April 4, 2005, respectively and the last exercise date for both types of warrant will be on April 2, 2007.The Company would like to report the result of the 5th exercise THAI-WA and the 3rd exercise of THAI-WB on October 3, 2005 as follows:
- On the 5th exercise date of THAI-WA, there are 2 employees who have exercised their warrant for 650 shares at 15 Baht per share, totaling to 9,750 Baht.By combining the results of the 1st to 4th exercise of THAI-WA, there are 382 employees who have exercised their warrant for 148,000 shares at 15 Baht per share, totaling 2,220,000 Baht. Therefore, 6,650 units of THAI-WA have not yet exercised.
- On the 3rd exercise date of THAI-WB, there are 3 employees who have exercised their warrant for 950 shares at 15 Baht per share, totaling to 14,250 Baht.By combining the results of the 1st to 2nd exercise of THAI-WB, there are 363 employees who have exercised their warrant for 141,300 shares at 15 Baht per share, totaling 2,119,500 Baht. Therefore, 13,350 units of THAI-WB have not yet exercised.
- The next exercise date of warrant is January 4, 2006.
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