GULF informed the SET that the shareholders’ meeting approved the investment in INTUCH and ADVANC shares through the Conditional Voluntary TenderOffer or trading through the SET.
News reports from the Stock Exchange of Thailand (SET) revealed that Gulf Energy Development Public Company Limited (GULF) informed the SET that The Extraordinary General Meeting of Shareholders on 25 June 2021 resolved to approve the investment in all ordinary shares of Intouch Holdings Public Company Limited (INTUCH) by making a conditional voluntary tender offer first. Making a tender offer (Conditional Voluntary TenderOffer) and/or by trading through the SET or any other method Including making a tender offer for all securities of Advanced Info Service Public Company Limited (ADVANC), which is considered an acquisition of assets of the Company.
However, the shareholders cast 10,552,206,913 votes in favor or 99.73%, 27,711,272 votes or 0.26% against, 65,790 votes or 0.0006% abstained, and no voided ballots
For GULF’s share price, closed at 33.50 baht, a decrease of 0.50 baht or 1.47%, trading value 230.01 million baht, INTUCH closed at 66.25 baht, a decrease of 0.25 baht or 0.38%, trading value 612.59 million baht and ADVANC closed at 171.50 baht, no change. with a trading value of 439.29 million baht