The Stock Exchange of Thailand (SET) has added a new sign, called “XN” (Excluding capital return) to inform investors about their rights and benefits, and when they will receive their refunds in instances where the issuer has decreased capital. The new sign will become effective from January 4, 2011, onwards.
“Once a listed company, issuer of securities, unit trust or property fund, has decreased their capital and will return capital funds to shareholders, the SET will post a XN sign on the securities 3 business days before the book-closing date. The sign is to notify investors that, while the XN sign is up, they will not be entitled to receive capital returns. Hence, to gain full capital returns, they should invest before the sign is posted”, SET Chief Operating Officer Nongram Wongwanich reported.
“Previously the SET informed investors of news about capital returns, but did not have any accompanying sign. This new sign helps investors conveniently keep updated as to their rights and benefits from securities,” said Ms. Nongram.
Other signs indicating the rights and benefits of investors are:- XD (Excluding Dividend): While this sign is posted, buyers of this security will not be entitled to any dividend announced during the period.
- XR (Excluding Right): While this sign is posted, buyers of this security will not be entitled to purchase newly-issued securities announced during the period.
- XS (Excluding Short-term Warrant): While this sign is posted, buyers of this security will not be entitled to receive short-term warrants announced during the period.
- XT (Excluding Transferable Subscription Right): While this sign is posted, buyers of this security will not be entitled to purchase transferable subscription rights announced during the period.
- XW (Excluding Warrant): While this sign is posted, buyers of this security will not be entitled to purchase warrants announced during the period.
- XA (Excluding All): While this sign is posted, buyers of this security will not be entitled to any of the above rights or benefits (Dividend, Right, Short-term Warrant, Transferable Subscription Right, All Warrant) announced during the period.
For more information on XN sign posting and other details, please visit www.set.or.th or contact S-E-T Call Center 0 2229 2222