I refer to our yesterday’s communication with regards to preferential shares on the first level of investment (DSE Thailand shares in Dachser Thailand), my today’s meeting with Mr. Nipul and my subsequent telco with Ms. Lasco. It appears that my recollection with regards to using preferential shares on this level was wrong.
This is to confirm that we all agreed to issue ordinary shares only when increasing the capital of Dachser Thailand, since issuing preferential shares would
- increase the value of the shares remaining with Dachser India and
- therefore complicate a transfer of such shares to Dachser SE, Germany, or another Dachser entity at a later point of time.
Mr. Nipul confirmed that PWC is instructed to value the shares subscribed by DSE Thailand based on ordinary share value as well, so that now all processes are aligned.
Thank you very much in advance and my apologies for any confusion caused.