RAIMON ANNOUNCES BONUS ISSUE TO SHAREHOLDERS Appoints New CEODate: 3 March 2009 Bangkok, March 3, 2009 -Raimon Land PLC (RAIMON) today announced the resignation of its Executive Director and CEO Nigel Cornick effective 1st March, 2009. Mr. Cornick has also resigned from the Board of Directors of Raimon Land and its associated companies. Raimon Land simultaneously announced the appointment of Hubert Viriot, one of its current Directors, as Chief Executive Officer. Mr. Viriot is also an executive at IFA Hotels & Resorts, a major shareholder of Raimon Land. The shareholders are committed to the ongoing success of Raimon Land, and plans are to inject further capital to assist in the current and future operational requirements of the company. Chairman of the Board of Directors at Raimon Land, Mr. Sompoch Intranukul, said: "I would like to thank Mr. Cornick, on behalf of our Board of Directors, for his contributions in building Raimon Land into the premier real estate developer in Thailand, and congratulate Mr. Viriot on his appointment as the new CEO. We look forward to continuing the execution of the Company's strategy moving forward."” The Directors today also announced a stock (bonus issue) and cash dividend equal to Baht 278.98 million to its shareholders. Under the proposal, each Raimon shareholder will receive 0.0837 new shares and Baht 0.0093 in cash for each share held at the record date. The cash component of the dividend will be used to cover withholding tax payable by the shareholders on the bonus issue. Shareholders on the company’s register on the record date, proposed to be 17th March, 2009, will be eligible for the bonus issue shares and dividend. The board also approved that the auditor undertakes the offset of the share discount with retained earnings totalling Baht 208.58 million.
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