TFEX

20 May 2025 18:42

Notification of Board of Directors' Resolution Regarding the Acquisition of Ordinary Shares in Advanced Information Technology Public Company Limited through Voluntary Partial Tender Offer. (Revised)

Product TKC Source TKC
Full Detailed News
Acquisition or disposition of assets The Board of Directors approved the acquisition of ordinary shares in Advanced Information Technology Public Company Limited ("AIT"), which is an associated company of the Company, through a Voluntary Partial Tender Offer from existing shareholders of AIT for not exceeding 153,641,557 shares, representing not more than 10.00% of the total issued and paid-up shares of AIT at the price of 5.20 Baht per share, totaling not more than 798,936,096.40 Baht (the "AIT Partial Tender Offer Transaction"). ______________________________________________________________________ Tender Offer Subject : Tender offer Listed company subject to tender offer : ADVANCED INFORMATION TECHNOLOGY PUBLIC CO.,LTD. (AIT) Offeror : Turnkey Communication Services Public Company Limited Tender offer period (Update) : From 04-Jun-2025 to 16-Jul-2025 Offer price Common shares (baht per share) : 5.20 Net price Common shares (baht per share) : 5.20 Tender offer : Not for delisting Tender Offer Agent (New) : KINGSFORD SECURITIES PUBLIC COMPANY LIMITED Remark (New) : Notification of Fulfillment of Pre-Conditions and Clarification of the Partial Tender Offer Period for Ordinary Shares in Advanced Information Technology Public Company Limited. Turnkey Communication Services Public Company Limited (the "Company") would like to notify the Stock Exchange of Thailand (the "SET") as follows: (1) The pre-conditions for the partial tender offer of ordinary shares in Advanced Information Technology Public Company Limited ("AIT") have been fully satisfied as of May 19, 2025. (2) As previously disclosed via the SET's information disclosure system on February 14, 2025, the Company expected the partial tender offer period for AIT shares to be from May 20, 2025, to June 26, 2025. However, as stated in the aforementioned disclosure, the Company is obligated to proceed with the partial tender offer only upon the complete fulfillment of all pre-conditions specified in the Notification of Intention to Make a Tender Offer. These include the condition that the Company must obtain full credit facility approval from a financial institution to fund the partial tender offer. The Company hereby informs that it received full credit facility approval from the financial institution on May 19, 2025. Accordingly, the Executive Committee, authorized by the Board of Directors to amend the terms and conditions of the partial tender offer for AIT shares, has resolved to revise the tender offer period to be from June 4, 2025, to July 16, 2025. ______________________________________________________________________ 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. If you would like to see the full details of this information, please click view "full details" in attached file.