16 December 2003
Reports on shareholders' resolution at EGM No. 1/2003
December 16, 2003
To: President
The Stock Exchange of Thailand
Re: Reports on shareholders' resolutions No. 1/2003
The Extraordinary General Meeting of Shareholders No. 1/2546
of BEC World Public Company Limited was held on December 16, 2003
and the following resolutions were made during the meeting:
1. Certified the minutes of the 2003 annual general meeting of shareholders.
2. Acknowledged the Board of Directors' resolution which approved to
pay the special interim dividend for 200,000,000 ordinary shares
(Two Hundred Million ordinary shares), at the rate of Baht 10.00
(Baht ten only) per share for a total amount of Baht 2,000,000,000
(Baht Two Billion).
3. Approved by special resolution the amendment of the par value of
the Company's shares from Baht 10 (Baht ten only) per share to
Baht 1 (one) per share as proposed.
4. Approved by special resolution the amendment of the Articles of
Association of the Company by amending the first paragraph of
Article 4 from "Article 4 The Company's shares are ordinary shares
of the fully paid-up type only". The value shall be Baht 10
(Baht ten only) per share entered in name certificates"
to be "Article 4: The Company's shares are ordinary shares of
the fully paid-up type only. The value shall be Baht 1 (Baht one
only) per share entered in name certificates" as proposed.
5. Approved by special resolution the amendment of Clause 4 of
the Company's Memorandum of the Association from "Clause 4:
Registered capital of Baht 2,000,000,000 (Baht Two Billion)
divided into 200,000,000 (Two Hundred Million) shares with
a par value of Baht 10 (Baht ten only) each, categorized
into ordinary shares in the amount of 200,000,000 (Two
Hundred Million) shares, and preference shares in the number
of - share (-)" to be "Clause 4: Registered capital of Baht
2,000,000,000 (Baht Two Billion) divided into 2,000,000,000
(Two Billion) shares with a par value of Baht 1 (Baht one only)
per share, categorized into ordinary shares in the amount of
Baht 2,000,000,000 (Baht two billion) shares and preference
shares in the amount of - shares (-)" as proposed.
6. Approved by special resolution with 30,979,842 vote from
32,519,542 vote of all shareholders or proxies present at
the meeting and having right to vote, not counting the
shareholders who have an interest in this matter amounting
to 113,590,200 votes, being a special resolution over
three fourth of the votes of the shareholders attending
the meeting and entitled to vote, to execute Maleenont
Tower Lease Agreements, with approximately 35,000 square
meters, and with the averaged Baht 320 per square meter
per month, the term of the lease is 3 years, the amount
of the rental and service fees are not exceeding Baht
400 million, and the Company and companies in the group
can renew the lease another 4 terms for a period of 3
years each as proposed.
Please be informed accordingly.
Yours faithfully,
(Chatchai Thiamtong)
Vice President - Finance