BC.026/2022
July 27, 2022 | |
Subject | Report on the Use of Fund from Capital Increase as of June 30, 2022 |
To | The President |
The Stock Exchange of Thailand |
Humanica Public Company Limited (the "Company") issued of newly issued common shares to public 180 million shares in the amount of Baht 720 million during November 30 - December 1 and 4, 2017 with the purpose of the proceeds utilization as per the Company's registration statement. In this regard, the Company has considered the appropriateness and the current business operation that the Company has a great working capital allocation and no longer requires reserve allocation to be used as its working capital. The excess allocation of working capital shall impact on a decrease in shareholders' return. The Company, therefore, considered and viewed that it should allocate such working capital by way of averaging. The Company desires to move the amount of Baht 300 million from a group of the working capital for business operation into a group of the investment in other companies which has a positive effect on the Company's business. The 2020 Annual General Meeting of Shareholders held on April 27, 2020 has resolution to approve the change of the weight of IPO proceeds which considered immaterial since it was the allocation among objectives that have already disclosed to the public. The Company would like to report the use of fund from capital increase as of June 30, 2022 as follows:
(Million Baht) | ||||
Use of Proceeds | Amount | Balance as of | Actual Used between | Balance as of |
Dec 31, 2021 | Jan 1 - Jun 30, 2022 | Jun 30, 2022 | ||
1. New office relocation | 25.00 | - | - | - |
2. Information technology investment | 125.00 | 52.81 | (6.70) | 46.11 |
and development | ||||
3. Learning Center | 20.00 | 20.00 | - | 20.00 |
4. Merger and acquisition that create | 400.00 | 7.58 | (7.58) | - |
synergies | ||||
5. Working capital | 150.00 | 93.49 | - | 93.49 |
Total | 720.00 | 173.88 | (14.28) | 159.60 |
Please be informed accordingly.
Yours sincerely,
Mr. Soontorn Dentham
Chief Executive Officer
HUMANICA PUBLIC COMPANY LIMITED
2 Soi Rongmuang 5, Rongmuang Road, Rongmuang, Pathumwan, Bangkok 10330