Asiasoft : Clarification of the acceptance of the preliminary offer for sale of ordinary shares and warrants of Asiasoft Corporation Public Company Limited
August 15, 2022 at 09:14 am EDT
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(Translation)
15 August 2022
Subject : Clarification of the acceptance of the preliminary offer for sale of ordinary shares and warrants of Asiasoft Corporation Public Company Limited
To
: The President
The Stock Exchange of Thailand
Asiasoft Corporation Public Company Limited ("AS" or "the Company") would like to inform The Stock Exchange of Thailand about the acceptance of the preliminary offer for the sale of ordinary shares and warrants of the Company. The Company was informed by the major shareholders that the major shareholders will accept and execute the preliminary offer to sell 73,720,904 common shares and 33,837,554 warrants (AS-W2), representing 21.00% of the total issued shares on a fully diluted basis, of the Company on 15 August 2022. The shares will be sold by Mr. Pramoth Sudjitporn and Ms. Saowaluck Jitsumrit, with the details as follows:
Shareholders
Before transaction
After transaction
No. of
No. of
% of the total
No. of
No. of
% of the total
shares
warrants
issued shares
shares
warrants
issued
on a fully
shares on a
diluted basis
fully diluted
basis
Mr. Pramoth
161,439,690
34,170,041
38.19%
129,116,442
332,487
25.27%
Sudjitporn
Ms. Saowaluck
41,397,656
0
8.08%
0
0
0.00%
Jitsumrit
The major shareholders informed the Company that this share sale transaction to Sabuy Technology Public Company Limited ("SABUY") is a part of the plan to solidify the new business partnership between AS and SABUY. The major shareholders believe that the partnership will provide opportunities for AS to expand further by jointly developing Digital Ecosystems, Blockchain Technology, and other new digital businesses between AS and SABUY. Moreover, the partnership will strengthen businesses in the Southeast Asia market to build continuous and strong growth for the Company. SABUY will nominate one representative to serve as a director on AS board of directors to further strengthen the partnership.
(Translation)
After this shares sale transaction, Mr. Promoth Sudjitporn will continue to be a major shareholder and controlling person of the Company with 25.27% of the total issued shares on a fully diluted basis. In addition, Mr. Pramote Sudchitporn will continue to be the chairman of the board, and the management structure and business policy of the Company will remain unchanged in any aspect.
All transactions are expected to be completed within December 2022. The transaction is subject to approval from the shareholders' meeting of SABUY.
Please be informed accordingly
Sincerely Yours,
(Mr.Kittipong Prucksa-aroon)
Director
Asiasoft Corporation Public Company Limited
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Asiasoft Corporation pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 13:13:25 UTC.
Asphere Innovations Public Company Limited is a Thailand-based company, which operates in the field of digital technology. The Company provides online games in southeast Asia. The Company provides entertainment and fun to the gamer community through providing quality games selected from over 160 of the world's gamer developers. It consists of four business groups: Online Games, Blockchain & Innovation Technologies, Marketing Technologies, and Corporate Venture Capital. The Companyâs services include @Cafe and @CASH. The @Cafe program offers benefits for Internet cafes and service provider shops who are program members. @Cash is the in-game credits top-up system that enhances the fun features of its games.
Asiasoft : Clarification of the acceptance of the preliminary offer for sale of ordinary shares and warrants of Asiasoft Corporation Public Company Limited