(Translation)
Ref. KorNgor. 13/06/2022
30 June 2022 | ||
Subject | : | Notification of the Calculation of Conversion Price of the Convertible Debentures |
of the Company. | ||
To | : | Director and Manager, |
The Stock Exchange of Thailand. |
According to Grande Asset Hotels and Property Public Company Limited (the "Company") has entered into the agreement for issuance and offering the newly convertible debentures pursuant to the Convertible Debentures Agreement for "Grande Asset Hotels and Property Public Company Limited's long-term convertible debentures No. 7/2022 due 2025" ("Convertible Debentures") to Advance Opportunities Fund ("AO Fund"). And then AO Fund notified the conversion of the Convertible Debentures on 30 June 2022 as follows:
The Company's | Amount of | Remaining | Exercise the right to conversion | Remaining debentures after | ||||||
long-term | debentures | debentures before | (unit) | conversion (Unit) | ||||||
convertible | (units) | conversion (unit) | (30 June 2022) | |||||||
debentures | ||||||||||
AO Fund | AO Fund I | Total | AO Fund | AO Fund I | Total | |||||
No. 1/2022 | 50,000 | - | - | - | - | - | - | - | ||
No. 2/2022 | 20,000 | - | - | - | - | - | - | - | ||
No. 3/2022 | 20,000 | - | - | - | - | - | - | - | ||
No. 4/2022 | 40,000 | - | - | - | - | - | - | - | ||
No. 5/2022 | 20,000 | - | - | - | - | - | - | - | ||
No. 6/2022 | 40,000 | - | - | - | - | - | - | - | ||
No. 7/2022 | 10,000 | 10,000 | 10,000 | - | 10,000 | - | - | - | ||
Total | 200,000 | 10,000 | 10,000 | - | 10,000 | - | - | - |
On 30 June 2022
- AO Fund notified the conversion of the Convertible Debentures in the number of 10,000 units (Baht 10 million) to 55,555,555 ordinary shares.
- The conversion prices of AO Fund are equal to 0.180 Baht per share which are not less than 90 percent of the market price, whereby the market price is calculated from the weighted average price of the Company's shares in the SET for the past 7-15 business days. However, the weighted average price of the Company's shares for the past 7 business days is as follow:
Date | Number of Shares | Total Value (Thousand Baht) |
21/06/2022 | 211,366,400 | 44,289.28 |
22/06/2022 | 49,924,000 | 10,498.98 |
23/06/2022 | 137,484,500 | 27,670.50 |
24/06/2022 | 39,089,900 | 7,717.83 |
27/06/2022 | 21,072,700 | 4,207.56 |
28/06/2022 | 27,324,900 | 5,467.89 |
29/06/2022 | 43,707,100 | 8,764.42 |
Total | 529,969,500 | 108,616.46 |
Remark : Information from www.setsmart.com
Weighted average price for 7 business days (Baht/Share)
- Trading Value
Trading Volume
-
108,616,462
529,969,500
= | 0.20 | |
90% of the weighted average price (Baht/Share) | = | 0.180 |
Therefore, the convertible price of 30 June 2022 is equal to 0.180 Baht per share which is not less than 90 percent of the market price, resulting that it is not categorized as the condition for prohibition of the sale of shares within 1 year from the date of receiving the convertible securities (Silent Period) pursuant to Notification of the Stock Exchange of Thailand, Re : Rules, Conditions and Procedures Governing the Listing of Ordinary of Preferred Shares issued for Capital Increase B.E. 2558. The Convertible Debenture Holders will receive the shares from the conversion of the Convertible Debentures on 30 June 2022 in the number of 55,555,555 shares. Therefore, there are the remaining capital increase ordinary shares for accommodation of the conversion of the Convertible Debentures in the number of 1,305,874,077 shares.
Please be informed accordingly.
Yours sincerely,
Mr. Somchai Trirattanapitak
Company Secretary
2