TMBThanachart Bank Public Company Limited and its Subsidiaries (Formerly TMB Bank Public Company Limited and its Subsidiaries) Notes to the financial statements For the year ended 31 December 2021 112 The offering price may be lower than 90% of the market price as prescribed in the notification of the Securities and Exchange Commission relating to the calculation of the offering price and the determination of the offering price for issuance of the newly issued shares. In the case that the calculation of the offering price in any offering is lower than the par value of the ordinary shares of the Bank, the Bank is required to offer newly issued shares to the employees under TTB TSRP 2019 at the price equivalent to the par value of the ordinary shares of the Bank. Condition of subscription for the newly issued shares: The employees under TTB TSRP 2019 who will subscribe for the newly issued shares shall be employees of the Bank’s or Thanachart Bank as of the subscription date of such newly issued shares (the rights for employees who retire pursuant to the Bank’s regulation or death are still retained). 30.1 The offering of new ordinary shares The Bank made the offering of ordinary shares with a par value of Baht 0.95 per share to its employees and executives, at a price of Baht 0.95 and Baht 1.15 per share, for TSRP 2019 and TSRP 2021 respectively. Details were as follows: The offering of new ordinary shares Par value Offering Price The offering of new ordinary shares Ordinary shares issued to employees (1) Balance of new ordinary shares unissued as at 31 December 2021 (Baht/ shares) (shares) TSRP 2019 0.95 0.95 200,000,000 (141,637,500) 58,362,500 TSRP 2021 0.95 1.15 305,000,000 (121,882,700) 183,117,300 On 14 September 2021, the Bank additionally issued TSRP 2019 of 91,575,000 ordinary shares with a par value of Baht 0.95 per share to its employees, at a price of Baht 0.95 per share. On 1 October 2021, the Bank issued TSRP 2021 of 121,882,700 ordinary shares with a par value of Baht 0.95 per share to its employees, at a price of Baht 1.15 per share. (1) The shares will be gradually issued on an annual basis over three years since the offering of such ordinary shares. 356 TMBThanachart Bank Public Company Limited
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