VGI Global Media (SET:VGI) Shareholders Approve Stock Dividends at 1:1

Further Approve Changes VGI-W1 Exercise Price and Ratio to Enhance Liquidity for Investors

BANGKOK, Mar 13, 2015 - (ACN Newswire) - VGI Global Media PCL (SET:VGI) shareholders approved management proposals to pay stock dividends at the rate of 1 to 1, and cash dividends, for withholding tax purposes, at THB 0.011 per share, and to enhance the liquidity of VGI-W1, as sought by the investors, by adjusting the warrants exercise price to THB 7 per share and their exercise ratio to one for every two underlying shares.

Mr Marut Arthakaivalvatee, Chief Executive Officer of VGI, a leading provider of lifestyle media solutions, revealed the resolution adopted at the Extraordinary Shareholders' Meeting No 1/2015, held on 11 March 2015, of his company to distribute the second interim dividends in the form of stock dividends at 1:1 and cash dividends (for withholding tax purposes) at THB 0.11 per share.

One capital-increase share will be allotted for each underlying share held (or THB 0.10 per share, based on par value). Cash will be paid at THB 0.011 per share for the purposes of withholding tax as stipulated by law. The ex-dividend date will be 17 March 2015, and the distribution date 31 March 2015.

VGI's shareholders also approved the management's proposals that the exercise price and exercise ratio of the warrants issued for purchase of the shares issued for the first capital increase, or VGI-W1, be adjusted from one warrant per share at THB 14 per share to one warrant for every two shares at THB 7. The change will take effect on the ex-dividend date of 17 March.

"VGI stock is very popular among the investors, who see in it excellent growth potential. However, the gap between the demand level and the liquidity level has led to the company's decision to pay stock dividends. Meanwhile, impacts on the holders of VGI-W1 from the change in share amount will be cushioned by an adjustment of the exercise price and exercise ratio of the warrants," he said.

VGI's shareholders also endorsed a plan to raise the company's registered capital by THB 428,996,626.50, or from THB 428,996,626.50 to THB 857,993,253, to facilitate the proposed issuance of new capital-increase shares for distribution as stock dividends.

About VGI Global Media PCL

VGI Global Media Public Company Limited (SET:VGI) is Thailand's major provider of out-of-home media solutions, having more than 10,000 items of large still-image screens in the BTS skytrain network and large retail stores nationwide. It also has over 11,000 sq.m. of advertising space in the product display zones of large modern trade stores, as well as about 5,000 items of digital screens and media in the BTS platform and train areas, the Tesco Lotus, Big C, and Watson stores, and large office towers throughout Bangkok, and mega LED and outdoor led screens under its management. In addition, the company runs retail shops in 23 BTS stations and radio networks covering nearly 2,000 modern trade stores in Thailand. For more information, please see www.vgi.co.th.

Source: VGI Global Media PCL

Contact:

VGI Global Media PCL
Investor Relations Department
Tel: +66-2-273-8639; +66-2-273-8636   

MasterMind Communications Co Ltd
Orn-arong ('Fah') Pattaravejkul
Tel: +66-2-612-2081 #129 
Mobile: +66-86-884-4458
E-mail: ornanong.p@mtmultimedia.com;
orn_tabo@hotmail.com  

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