SEC orders NEWS to clarify non-disclosure of the dilution effect of the sale of warrants – Thailand Business News

SEC ordered NEWS to clarify the dilution effect of NEWS-W8 warrants by 29 April 2024 due to non-disclosure in the AGM 2024 notice. Compliance with regulations is required.

The Securities and Exchange Commission (SEC) has ordered News Network Corporation Public Company Limited (NEWS) to provide clarification within 29 April 2024 regarding the company’s non-disclosure of the dilution effect of the offer for sale of the NEWS-W8 warrants and the underlying shares in the notice of the annual general shareholders’ meeting (AGM) 2024 and disclose the information through the Electronic Listed Companies Information Disclosure System of the Stock Exchange of Thailand (SETLink) as well as inform the shareholders at the AGM 2024.

On 11 April 2024, NEWS published the AGM 2024 notice together with supporting documentation on the company’s website. The meeting agenda covered the consideration…