8.75 million each, except for the twenty third installment of Baht 7.5 million commencing the eighteenth month after the agreement date. As at 31 December 2008, the subsidiary had outstanding loans according to such agreements totalling approximately Baht 52.5 million. 26.
Share capital On 24 January 2008, the Annual General Meeting of the shareholders of the Company approved the reduction of the Company s registered share capital from 1,665,000,000 ordinary shares at a par value of Baht 1 each to be 1,663,725,149 ordinary shares at a par value of Baht 1 each through the cancellation of 1,274,851 unissued ordinary shares with a par value of Baht 1 each, previously reserved to accomodate the exercise of warrants, which expired. During the year ended 30 September 2008, the Company registered the increases in its issued and paid-up share capital totaling Baht 317.3 million as a result of the shares offered and the rights exercised by warrant holders. This resulted in an increase of Baht 951.2 million in share premium. As at 30 September 2008, the Company s issued and paid-up share capital is therefore Baht 1,663.7 million. Reconciliation of ordinary share capital and share premium
Balance as at 30 September 2007 Increased share capital during the year Balance as at 30 September 2008 Increased share capital during the period Balance as at 31 December 2008
27.
Ordinary share capital Number of shares Amount Baht Baht 1,346,394,130 1,346,394,130 317,331,019 317,331,019 1,663,725,149 1,663,725,149 1,663,725,149 1,663,725,149
Share premium 1,187,358,422 951,163,857 2,138,522,279 2,138,522,279
Warrants The warrants issued to the Company s employees, directors and advisors to the Company s Board of Director (EASTW-WA) and the warrants issued to the Company s existing shareholders and general public (EASTWW1) were expired in December 2007. Movements in the number of warrants during the year ended 30 September 2008 were as follows: (Unit: Units)
Number of warrants as at 30 September 2007 Less: Exercised during the year Expired during the year Number of warrants as at 30 September 2008
82
Annual Report 2008 (October - December 2008)
Warrant issued to the Company s employees, directors and advisors 251,400 (251,400) -
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Warrant issued to the Company s existing shareholder and general public 289,986,940 (288,712,089) (1,274,851) -
Total 290,238,340 (288,963,489) (1,274,851) -