No. STGT.CS 013/2022
27 July 2022
Subject: Report on the Utilization of Increased Capital from the Initial Public Offering (IPO) and the Offering of Newly Issued Ordinary Shares under STGT ESOP ended of 30 June 2022
To: President
The Stock Exchange of Thailand / Singapore Exchange
Sri Trang Gloves (Thailand) Public Company Limited ("the Company") has offered newly issued ordinary shares by initial public offering ( IPO) of 438,780,000 shares at the price of THB 34.00 per share with the par value of THB 1.00 per share1, for Investors subject to the underwriters' discretion, retail investors, institution investors, the Company's and its subsidiaries' patrons and Sri Trang Agro-Industry Public Company Limited's and/or its subsidiaries' directors, executives and/or employees (excluding the Company's and its subsidiaries' directors, executives and/or employees), and at the price of THB 30.60 per share with the par value of THB 1.00 per share1 for the Company's and/or its subsidiaries' employees under STGT ESOP for the first time and the Company's related person who are the Company's directors and/or executives under STGT ESOP for the first time. The proceeds from this offering after deduction of IPO expenses is THB 14,595.38 million.
Later on July 15, 2021, the Company has issued and offered the newly issued ordinary shares of the Company to directors, executives and/or employees of the Company and its subsidiaries in the 1st year after the IPO under STGT ESOP of 5,701,410 shares at the price of THB 37.30 per share with the par value of THB 0.50 per share. The proceeds from this offering after deduction of expenses under STGT ESOP is THB 212.60 million.
The Company would like to report the utilization of such increased capital as detailed above ended of
30 June 2022 as follows:
(Unit: THB Million) | ||||||||||||||
Actual Utilization | ||||||||||||||
Use of Proceed | Estimated | Proceed under | During Period of | Balance | ||||||||||
Utilization | STGT ESOP | 29 Jun 2020 - | ||||||||||||
30 Jun 2022 | ||||||||||||||
1. For latex gloves production capacity | 11,100.00 | - | 10,818.51 | 281.49 | ||||||||||
expansion and production lines | ||||||||||||||
improvement and investment in | ||||||||||||||
future projects of the Company and | ||||||||||||||
its subsidiaries. | ||||||||||||||
1 According to the shareholders' resolution, the Company has changed the par value from to THB 0.50 per share since 28 December 2020. The trading of Company's shares with new par value has been effective since 5 January 2021.
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Actual Utilization | ||||||||||||||||||
Use of Proceed | Estimated | Proceed under | During Period of | Balance | ||||||||||||||
Utilization | STGT ESOP | 29 Jun 2020 - | ||||||||||||||||
30 Jun 2022 | ||||||||||||||||||
2. For installation of the SAP system to | 150.00 | - | 150.00 | 0.00 | ||||||||||||||
transform | operating | system | and | |||||||||||||||
database of the Company and its | ||||||||||||||||||
subsidiaries | into | a | complete | |||||||||||||||
Enterprise Resource Planning (ERP) | ||||||||||||||||||
system which will be used in | ||||||||||||||||||
planning | business | resources | for | |||||||||||||||
each department and throughout the | ||||||||||||||||||
organization. | ||||||||||||||||||
3. For | repayment of | the | Company | 2,278.61 | - | 2,278.61 | 0.00 | |||||||||||
and/or its subsidiaries loan from | ||||||||||||||||||
financial | institutions | with | total | |||||||||||||||
facilities of THB 4,363.36 million. | ||||||||||||||||||
4. For | financing | working | capital | for | 1,066.78 | 212.60 | 1,279.38 | 0.00 | ||||||||||
business | operations, | and | for | |||||||||||||||
repayment of loan from financial | ||||||||||||||||||
institutions or debenture as deemed | ||||||||||||||||||
appropriate and beneficial for the | ||||||||||||||||||
Company and its subsidiaries | ||||||||||||||||||
Total | 14,595.38 | 212.60 | 14,526.50 | 281.49 | ||||||||||||||
Please be informed accordingly.
Best Regards,
( Ms. Thanawan Sa-ngiamsak )
Director and Chief Financial Officer
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