Rabbit Holdings Public Company Limited ("the Company or Rabbit Holdings") announced today that, its shares will begin trading on the Stock Exchange of Thailand (SET) under the new ticker symbol 'RABBIT-P' and 'RABBIT' and the first trading day under the new name and ticker will be 7 December, 2022.
Ms. Soraya Satiangoset, Acting Chief Executive Officer of Rabbit Holdings, stated that "RABBIT-P is our preference shares, having prioritisation of dividend payments (compared to common ordinary shares: RABBIT) while voting rights are the same. At the end of 2022, RABBIT-P shareholders are qualified to receive cumulative dividend payments of THB 1.10 baht per preferred share. Moreover, RABBIT-P shareholders have the right to convert their preference shares to RABBIT at the ratio of 1:1 and will be able to convert them quarterly, starting from March 2023, at no conversion costs; in accordance with the terms and conditions set by the Company".
Rabbit Holdings is the financial services and investment arm of BTS Group. The Company has entered into the financial services business, through investments including Rabbit Life (a life insurance company) as well as Jay Mart Public Company Limited and Singer Thailand Public Company Limited. The Company aims to expand into the Nano Finance and Asset Management business in the future enabling us to create synergies among companies within BTS Group and the partnership network under BTS Group's 3M strategy (MOVE, MIX and MATCH).
About Rabbit Holdings Public Company Limited
Rabbit Holdings Public Company Limited (formerly U City Public Company Limited) was previously a diversified real estate investment business. Rabbit Holdings is changing its long-term business direction to invest in financial services and other related businesses such as life insurance, microfinance, and insurance brokerage. Currently, BTS Group Holdings Public Company Limited is the major shareholder owning 45.93% of the Company