The Chairman of Noble Co., Ltd. clarified the large share purchase from shareholders and announced a tender offer to give all interested shareholders the opportunity to accept the buyout at the same price, reinforcing the unity and stability of the shareholder structure while continuing to develop high-quality real estate projects for consumers.

          Mr. Kitti Thanakijamnuay, the founder and Chairman of Noble Development Public Company Limited, announced today (June 12, 2018) that he has informed the Stock Exchange of Thailand that Mr. Kitti Thanakijamnuay and nCrowne Pte. Ltd have purchased Noble (NOBLE) shares from shareholders, totaling 224,288,798 shares, which represents 49.14% of the issued and paid-up shares, at a price of 12.25 Baht per share.    

          "The purchase of Noble shares this time is conducted transparently. After acquiring these shares, Mr. Kitti will initiate a tender offer for general shareholders to provide equal opportunities for all shareholders, demonstrating a commitment to good governance and equitable treatment of shareholders,"

          The tender offer for general shareholders will be at a price of 12.25 Baht per share, with no limit on the number of shares. This has already been communicated to the Stock Exchange and the SEC, according to the intention announcement form for holding securities (247-3) dated June 12, 2018. The duration for the share buyback will be announced when the official tender offer is submitted on June 21, 2018. Kasikorn Securities Public Company Limited has been appointed to carry out this tender offer. After the completion of this tender offer, Mr. Kitti will remain the major shareholder of the company. However, a summary of the total shares will be reported clearly after the tender offer concludes.

          "I am confident that this tender offer will reassure shareholders about the unity and stability of the company. The brand ‘Noble’ will become stronger and gain more trust from consumers. We continue to lead in offering innovative living concepts with unique designs and innovations, developing high-quality real estate projects that enhance the quality of life for consumers and contribute to stable growth that benefits both shareholders and society. In the future, we will create projects both domestically and internationally covering residential, office buildings, hotel businesses, and tourism, with a team of experienced professionals ready to go," Mr. Kitti concluded.

Thank you for the information from www.noblehome.com