-Translation-
Ref. FN 018/2022
July 29, 2022
Subject | Report on use of proceeds from capital increase raised from IPO |
FN Factory Outlet Public Company Limited | |
Dear | The President |
The Stock Exchange of Thailand |
Regarding to FN Factory Outlet Public Company Limited ("the Company") issued new shares for capital increase by initial public offering ("IPO") in the amount of 250,000,000 shares at 3.88 Baht per share during the period of 7-9 November 2016. After deduction of expenses incurred from this offering, the remaining proceeds are in the amount of 933.15 Million Baht.
The Company would like to report of its usage of capital increase from IPO ended 30 June 2022 as
follows:
(Unit : Million Baht)
Outstanding | Amount used | Outstanding | ||
Objective of spending capital | Plan | balance as of 1 | during 1 Jan - | balance as of |
Jan 2022 | 30 Jun 2022 | 30 Jun 2022 | ||
1. Investment in branch expansion | 480.00 | 145.54 | - | 145.54 |
2. Investment in improvement of existing | 50.00 | 12.49 | 12.10 | 0.39 |
branches | ||||
3.Repayment of loan from financial | 380.00 | - | - | - |
institution | ||||
4.Used as working capital and future | 23.15 | 23.15 | - | 23.15 |
business expansion | ||||
Total | 933.15 | 181.18 | 12.10 | 169.08 |
Please be informed accordingly.
Sincerely yours,
(Mr. Thammasak Jittimaporn)
Chief Executive Officer
FN Factory Outlet Public Company Limited
Telephone +66(02)300 4951
Facsimile +66(02)300 4681