True Corporation Plc. (TRUE) revealed that according to the company Informed the Stock Exchange of Thailand (SET) on April 4, 2022 that Citrine Venture Holdings Company Limited and Citrine Investment SG Pte Ltd expressed their intention to purchase shares from shareholders who voted. Disapproved of the merger between TRUE and Total Access Communication Public Company Limited (DTAC) at the Company’s 2022 Annual General Meeting of Shareholders at a price of 5.15 baht per share.
This share buyback of TRUE is subject to the specified terms and conditions. In the amount of not more than 161,009,366 shares, amounting to 829,198,234.9 baht, Citrine will purchase shares from objecting shareholders from January 27, 2023 to February 9, 2023.
In which those who have the right to sell TRUE shares must have their names as shareholders in the register book on the record date for determining the names of shareholders who are entitled to attend the 2022 Annual General Meeting of Shareholders (Record Date) (14 March 2022). C.65) To consider and approve the Amalgamation, TRUE-DTAC must attend the 2022 Annual General Meeting of Shareholders in person or by proxy and vote against the Amalgamation and have filled in the share purchase offer acceptance form. and submit the offer acceptance form along with relevant documents within the date specified by the purchaser.
As of January 24, 2023, TRUE shares closed at 4.88 baht, -0.04 baht, or -0.81%.