Headline: | Report on the results of the Exercise of convertible debentures (F53-5) |
Security Symbol: | GRAND |
Announcement Details
Report on the results of sale of securities (F53-5)
Name of Company GRANDE ASSET HOTELS AND PROPERTY PUBLIC COMPANY LIMITED
Date 14-Jun-2022
Report on the results of the Exercise of convertible securities as follow
Name of Convertible debentures
Grande Asset Hotels and Property Public Company Limited's long-term convertible debentures No. 6/2022 due 2025(GRAND)
Number of | Number of non | Ratio | Conversion | Number of shares | Number of | |
conversed | (Convertible | Exercise | derived from | remaining | ||
conversed convertible | Price | |||||
convertible | debentures : | Date | conversion | shares reserved | ||
debentures (shares) | debentures (shares) | shares) | (baht/share) | (shares) | (shares) | |
10,000 | 30,000 | 1.00 : | 0.198 | From | 50,505,050 | 1,512,944,783 |
5050.505 | 14-Jun-2022 | |||||
To | ||||||
14-Jun-2022 |
Summary
Total excercised shares / converted shares (common 50,505,050 shares)
Remark
Name of the holders who exercise the rights: Advance Opportunities Fund
Conversion ratio: Principle amount of the Convertible Debentures divided by the conversion price
Conversion price: Baht 0.198 per share. The weighted average price of the Company's shares trading on the Stock Exchange of Thailand for not less than 7 consecutive business days but not exceeding 15 consecutive business days prior to the date that the holders of the Convertible Debentures exercise their rights during 2 - 13 June 2022 is Baht 0.22 per share. The conversion price is not less than 90 percent of the said weighted average price. Therefore, it does not meet the criteria to prohibit the sale of shares within 1 year from the date of receiving the convertible securities (Silent Period). In this regard, the weighted average price is calculated from the closing weighted average price traded in each consecutive business day (Floating Conversion Price).
The Company offered and issued the Convertible Debentures No. 6 on June 13, 2022 at the amount of Baht 40 million (40,000 units). The Convertible Debenture holders exercised their rights of conversion on June 14, 2022, amounting to Baht 10 million (10,000 units). The remaining Convertible Debentures of Baht 30 million (30,000 units) has not been exercised.
Signature ________________________________ | Signature ________________________________ |
(Mr. Vitavas Vibhagool) | (Ms. Wilawun Leongnarktongdee) |
Director | Director |
Authorized to sign on behalf of the company | Authorized to sign on behalf of the company |
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