Perfect — here’s your Primary Issuance Pack rewritten cleanly in Markdown format, ready to drop into your repo or internal doc system. Everything is formatted as templates and checklist-style instructions so you can edit values directly.
Scenario: Existing Thai Co., Ltd. issues new Class A (Preference) shares to a foreign investor. Goal:
- Maintain 51 % Thai ownership (Class B Ordinary).
- Issue 49 % Class A shares to foreign investor with enhanced rights (voting, dividend, board). Method: Primary issuance via capital increase and AoA amendment.
Resolution Date: [DD/MM/YYYY]
Agenda:
1. Approve creation of new Class A (Preference) shares.
2. Call Extraordinary General Meeting (EGM) to:
- Amend Articles of Association (AoA)
- Approve share issuance to [Investor Name]
3. Authorize [Director Names] to proceed with filings at DBD.
To All Shareholders,
You are invited to the Extraordinary General Meeting (EGM) No.___/____
Date & Time: [____]
Venue: [____]
Agenda:
1. To amend the Articles of Association to create Class A (Preference) and Class B (Ordinary) shares.
2. To approve issuance of Class A shares to [Investor Name] for [THB ____ per share].
3. To authorize the Board to register changes with the Department of Business Development (DBD).
Signed,
[Director Name]
The meeting resolved:
1. To amend AoA to create:
- Class A (Preference) shares with 10 votes/share, dividend priority, and liquidation preference.
- Class B (Ordinary) shares with 1 vote/share.
2. To issue [____] Class A shares at [THB ____] per share to [Investor Name].
3. To authorize directors to file the amendment and share issuance at DBD.
### Article X — Share Classes
1. The Company shall issue:
- Class A (Preference) Shares
- Class B (Ordinary) Shares
2. **Voting Rights**
- Class A = 10 votes/share
- Class B = 1 vote/share
3. **Dividends**
- Class A entitled to priority dividend of THB [____] per share per year.
- Remaining profits distributed 90 % to Class A and 10 % to Class B.
4. **Liquidation Preference**
- Class A receives capital and accrued dividends before Class B.
5. **Board Composition**
- Class A may nominate [__] directors; Class B may nominate [__].
6. **Reserved Matters**
Require Class A shareholder approval:
- Share issuance / conversion
- Amendments to AoA
- M&A / asset sales > THB [__]
- Borrowings > THB [__]
- Dividend policy changes
7. **Alteration of Rights**
Preferential rights of Class A cannot be changed without Class A consent.**Parties:**
- Company (Name, Reg. No.)
- Investor (Name, Passport No. / Corp Reg No.)
**Terms:**
- Shares: [____] Class A (Preference)
- Price: THB [____] per share
- Total Subscription: THB [____]
- Payment Date: [____]
- All shares fully paid upon subscription. Resolution Date: [____]
1. Acknowledge payment for Class A shares from [Investor Name].
2. Allot [____] Class A shares to [Investor Name].
3. Issue Share Certificate No. [__] and update Share Register.
4. File updated shareholder list (Bor.Aor.Jor.5) with DBD.
Company Name: [____] Co., Ltd.
Certificate No.: [__]
Share Class: Class A (Preference)
No. of Shares: [____]
Par Value: THB [__]
Holder: [Investor Name]
Issued on: [Date]
Signed by Directors: _________________
Company Seal: [Seal]
| Shareholder | Class | Shares | Votes / Share | Total Votes | Paid Up (THB) | Cert. No. |
|---|---|---|---|---|---|---|
| [You] | B (Ordinary) | 510,000 | 1 | 510,000 | 510,000 | B-001 |
| [Investor] | A (Preference) | 490,000 | 10 | 4,900,000 | 490,000 | A-001 |
**Key Clauses**
1. Mirror AoA rights (voting, dividend, liquidation).
2. Board composition and quorum = must include ≥ 1 Class A director.
3. Reserved Matters list identical to AoA.
4. Transfer restrictions: ROFR, ROFO, drag/tag.
5. Information rights: monthly financials, audited FS annually.
6. Dispute resolution: Arbitration at THAC or SIAC (Bangkok).
7. Language: Bilingual; Thai controls for local filing.| Step | Document | Purpose |
|---|---|---|
| 1 | Amended AoA + EGM Minutes | Register dual-class structure and capital increase. |
| 2 | List of Shareholders (Bor.Aor.Jor.5) | Show foreign Class A investor and share distribution. |
| 3 | Capital Increase Form (Bor.Aor.Jor.3) | Reflect new issued capital. |
| 4 | Updated Company Affidavit | DBD issues after approval. |
| 5 | Official Fee Receipt | Proof of DBD submission and payment. |
- Collect new company affidavit and shareholder list from DBD.
- Deliver share certificate to investor + record in register.
- Update board of directors per Class A rights.
- Update bank mandates and signing authority.
- Record transaction in accounts (
Share Capital – Class A,Cash). - Store full document pack digitally + physically.
| File Name | Contents | Format |
|---|---|---|
01-Board-Resolution-Create-ClassA.md |
EGM call resolution | Markdown/PDF |
02-EGM-Notice-DualClass.md |
EGM notice to shareholders | Markdown/PDF |
03-EGM-Minutes-DualClass.md |
Special resolution | Markdown/PDF |
04-AoA-DualClass.md |
Amended AoA (bilingual) | Markdown/PDF |
05-Subscription-Agreement-ClassA.md |
Subscription details | Markdown/PDF |
06-Board-Resolution-Allotment.md |
Share issuance approval | Markdown/PDF |
07-Share-Certificate-ClassA.md |
Investor certificate | |
08-Share-Register.md |
Updated register | Markdown/Excel |
09-Shareholders-Agreement-ClassA.md |
SHA summary | Markdown/PDF |
10-DBD-Filing-Pack.md |
AoA + EGM minutes + Bor.Aor.Jor.5 summary | Markdown/PDF |
This Markdown structure can live directly in a private repo (/company-legal/th/dual-class/) so your AI or script can populate placeholders programmatically for each deal.