Employee Stock Option Program

According to the Annual General Meeting of the Shareholders for 2012, the shareholders approved the company issued and offered grants of warrants to management and employees as followed:


ESOP-W4
Employee stock option program # 4

Type Indicate hold and non-transferable.
Term 5 year from the issuing date.
Offering method Allot to 108 directors and employees without offering.
Offering price Price (0 baht a unit).
Exercise Ratio 1 warrant for 1 common share.
Exercise period Last working day of March, June, September and December till to expiry on which the last date is 9 April 2017.

Grant date Issued Units Exercise Ratio (Unit/Share) Exercise Price (Baht/Unit) Exercise Period
Start End
10 April 2012 8,690,000 1.000 15.440 30 June 2014 9 April 2017

The exercise ratio and price on the modification date are detailed below :

Modification date Issued Units Exercise Ratio (Unit per Share) Exercise Price (Baht per Unit)
28 February 2013 8,570,000 1.017 15.182
10 April 2014 8,570,000 1.033 14.948
9 April 2015 8,570,000 1.051 14.687
11 April 2016 8,570,000 1.073 14.385

For 2016, the warrant issued amount 8,570,000 units (that the warrant were not issued amount 120,000 units), the exercise price 14.385 baht per unit

Exercise result ESOP-W4

No. Exercise Date Number of ordinary share Increased of authorized share capital (Baht) Use of proceed
1. 30 June 2014 916,271 13,696,418.91 Branch expansion /Working capital
2. 30 September 2014 1,248,058 18,655,970.98 Branch expansion /Working capital
3. 30 December 2014 318,164 4,755,915.47 Branch expansion /Working capital
4. 31 March 2015 213,314 3,188,617.67 Branch expansion /Working capital
5. 30 June 2015 1,840,246 27,027,693.00 Branch expansion /Working capital
6. 30 September 2015 317,927 4,669,393.85 Branch expansion /Working capital
7. 30 December 2015 89,335 1,312,063.15 Branch expansion /Working capital
8. 31 March 2016 42,565 625,152.16 Branch expansion /Working capital
9. 30 June 2016 1,779,249 25,594,496.87 Branch expansion /Working capital
10. 30 September 2016 142,547 2,050,538.60 Branch expansion /Working capital
11. 30 December 2016 49,358 710,014.83 Branch expansion /Working capital
12. 10 April 2017 134,125 1,929,388.13 Branch expansion /Working capital

Note : Due to 9 April 2017 is Sunday, so the day has been postponed to 10 April 2017.


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