TFEX

26 Nov 2024 21:31

Notification on debt-to-equity conversion under the business rehabilitation plan and effectiveness of registration statement and prospectus for offering to existing shareholders and employees (Template offering to existing shareholders)

Product THAI Source THAI
Full Detailed News
Increasing Capital Subject : Specifying the purpose of utilizing proceeds Date of Board resolution : 25-Nov-2024 Number of additional common shares : 9,822,473,626 (shares) Total of additional shares (shares) : 9,822,473,626 Par value (baht per share) : 10.00 Type of allocated securities : Common shares Allocated to : Other Number of allotted shares (shares) : 9,822,473,626 Ratio (Old : New) : 1.00 : 4.50 Subscription price (baht per share) : 4.48 Subscription period : From 06-Dec-2024 to 12-Dec-2024 Record date for the right to : 31-Oct-2024 subscribe additional shares Ex-Other Benefits Date (XB) : 30-Oct-2024 Remark : As the Company submitted the registration statement (Form 69-1) and the draft prospectus of the Company (collectively referred to as the "Registration Statement") for the offering for sale of newly issued ordinary shares to existing shareholders of the Company prior to the capital structuring under the business rehabilitation plan and employees of the Company to the Office of the Securities and Exchange Commission (the "Office of the SEC") and the Stock Exchange of Thailand on 30 September 2024, the Company would like to inform that the Registration Statement for the offering for sale of newly issued ordinary shares under the business rehabilitation plan to (a) existing shareholders of the Company prior to the capital structuring under the business rehabilitation plan who are eligible for the allocation of newly issued ordinary shares of the Company, which are shareholders of the Company who have mailing address in Thailand according to the information specified in the share register book of the Company as of 31 October 2024 (the "Existing Shareholders Eligible for the Share Allocation") and (b) employees of the Company who are eligible for the allocation of newly issued ordinary shares of the Company (the "Employees of the Company"), ((a) and (b) collectively referred to as the "Offering for Sale of Newly Issued Shares under the Plan") has become effective on 26 November 2024. In this regard, the Company would like to inform additional details regarding the Offering for Sale of Newly Issued Shares under the Plan to the Existing Shareholders Eligible for the Share Allocation with detail per attachment. The aggregate final number of newly issued ordinary shares of the Company to be offered for sale to the Existing Shareholders Eligible for the Share Allocation shall not exceed 9,822,473,626 shares at offering price of 4.48 Baht per share according to the resolution of the Plan Administrators' Special Meeting No. 10/2024 on 25 November 2024. The subscription ratio for newly issued ordinary shares is 1 existing ordinary share of the Company per 4.5 newly issued ordinary shares of the Company whereby the Existing Shareholders Eligible for the Share Allocation could subscribe for the newly issued ordinary shares both in proportion to their respective shareholding and through oversubscription. If there is any fractional number of shares resulting from the calculation, such fractional number of shares will be rounded down. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.