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L.V. TECHNOLOGY Public Company Limited Annual Report 2011

Notes to the financial statements For the years ended 31 December 2011 and 2010

On 31 March 2010, the Company issued new shares from the exercise of 46,690,800 warrants at Baht 1.50 each and 5,808,300 warrants at Baht 1.00 each, resulting in an increase in the issued and fully paid-up shares of Baht 52,499,100 and share premium of Baht 23,345,400. The Company registered the increase of its paid-up share capital with the Ministry of Commerce on 4 May 2010. On 30 June 2010, the Company issued new shares from the exercise of 35,000 warrants at Baht 1.50 each and 545,000 warrants at Baht 1.00 each, resulting in an increase in the issued and fully paid-up share capital of Baht 580,000 and share premium of Baht 17,500. The Company registered the increase of its paid-up share capital with the Ministry of Commerce on 12 July 2010. On 30 September 2010, the Company issued new shares from the exercise of 85,500 warrants at Baht 1.00 each, resulting in an increase in the issued and fully paid-up share capital of Baht 85,500. The Company registered the increase of its paid-up share capital with the Ministry of Commerce on 8 October 2010. On 30 December 2010, the Company issued new shares from the exercise of 50,000 warrants at Baht 1.50 each and 3,000 warrants at Baht 1.00 each, resulting in an increase in the issued and fully paid-up share capital of Baht 53,000 and share premium of Baht 25,000. The Company registered the increase of its paid-up share capital with the Ministry of Commerce on 11 January 2011. At the extraordinary general meeting of the shareholders of the Company held on 8 June 2011, the Company’s shareholders approved to increase the Company’s registered authorised capital from Baht 490,555,981 (490,555,981 ordinary shares, Baht 1 per share) to Baht 584,328,044 (584,328,044 ordinary shares, Baht 1 per share). The Company registered the increase in its authorized share capital with the Minister of Commerce on 21 June 2011. The resolution of the Board of Directors approved the allotment of newly issued shares under a general mandate No. 1 by issue and offer 37,508,825 newly issued common shares of the Company to CG Cement Global Pte. Ltd., equivalent to 10% of paid-up capital. On November 9, 2011 - November 15, 2011, the Company completely offered 37,508,825 newly issued shares of the Company to CG Cement Global Pte. Ltd. at the offering price Baht 1.84 per share resulting in an increase in the issued and fully paid-up share capital of Baht 37,508,825 and share premium of Baht 31,507,413. The Company registered the increase of its paid-up share capital with the Ministry of Commerce on 23 December 2011. On 9 December 2011, the Company issued new shares from the exercise of 157,900 warrants at Baht 1.00 each and 53,935,262 warrants at Baht 1.50 each, resulting in an increase in the issued and fully paid-up share capital of Baht 54,093,162 and share premium of Baht 26,967,631. The Company registered the increase of its paid-up share capital with the Ministry of Commerce on 23 December 2011. Share premium Section 51 of the Public Companies Act B.E. 2535 requires companies to set aside share subscription monies received in excess of the par value of the shares issued to a reserve account (“share premium”). Share premium is not available for dividend distribution.

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LVT : Annual Report 2011  

Annual Report 2011

LVT : Annual Report 2011  

Annual Report 2011

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