Report to SET
15/Aug/00
Resolution of the board of directors' meeting, No. 8/2000
The board of directors of Padaeng Industry Public Company Limited at its meeting, No. 8/2000 on 15 August 2000 has adopted the resolution to ratify the signing of the Subscription Amendment Agreement on July 14, 2000 between Padaeng Industry Public Company Limited and Union Miniere s.a.. The main issues of the Subscription Amendment Agreement are the agreement on conducting additional studies, setting up the overall remediation program for the dykes of the waste ponds at Tak and indemnifying Union Miniere s.a. of any cost incurred by Padaeng above the threshold of 1 million USD as a result of the implementation of the remediation program.
