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Thailand's Sri Ayudhya Capital announces warrant exercise

Thai insurer Sri Ayudhya Capital PCL announced that warrant holders can exercise their right to purchase newly issued ordinary shares June 15.

The exercise price is 39.00 Thai baht per ordinary share, while the exercise ratio is 1 warrant per ordinary share. The company recently issued 124,999,807 warrants with two-year terms beginning May 9 to existing shareholders.

As of May 31, US$1 was equivalent to 32.065 Thai baht.