Pioneer Motor Public : No Right Adjustment of PIMO-W2
April 29, 2022 at 06:45 am
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Date/Time
29 Apr 2022 17:02:50
Headline
No Right Adjustment of PIMO-W2
Symbol
PIMO
Source
PIMO
Full Detailed News
Right adjustment / No right adjustment
Subject : No Right Adjustment
Symbol : PIMO-W2
The full name of warrant : Warrant of PIONEER MOTOR PUBLIC
COMPANY LIMITED No. 2
Adjustment
The reason for no adjustment : The Company shall not adjust the
exercise price and exercise ratio because the event does not comply with
adjustment conditions as follows;
- dividend payment rate is higher than the rate which is specified in Term and
Condition
Authorized Persons to Disclose : Mr.Wasun Itthirojanakul
Information
Position : Managing Director
Ms.Sirirat Itthirojanakul
Assistant Managing Director in Marketing
______________________________________________________________________
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.
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Pioneer Motor pcl published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 10:41:08 UTC.
Pioneer Motor Public Company Limited is a Thailand-based company. The Company is engaged in the business of manufacturing and distributing air-conditioning electric motors, industrial motors, dewatering, centrifugal pumps, motors for pools and spas and motor home pumps. The operations of the Company involve the single industry segment of manufacturing and distributing electric motors categorized by motor product groups, including air conditioner electric motors, induction motors, and pumps, dewatering, centrifugal pumps, motors for pools and spas, and motor home pumps. Its manufacturing plant is situated in Nakornchaisri. The Companyâs wholly owned subsidiary is VSM (Thailand) Co., Ltd.