-Translation-
SCM-IR 18/2022
6 July 2022
Subject: Report on the use of capital increase received from the offering of newly issued ordinary shares and notify the change in objectives of the IPO utilization by adjusting the limit.
To: | The President of The Stock Exchange of Thailand |
As Successmore Being Plc. ("the Company") has placed the Initial Public Offering (IPO) since on 27th - 28th, 31st August 2020 and 1st September 2020 at the amount of 150,000,000 shares, the par value of IPO is 1.90 Baht, and registered the ordinary shares from capital increase raised to the Stock Exchange of Thailand on 8th September 2020. The Company has received total capital increase at the amount 285.00 Million Baht. After deduction distribution and underwriter fees as well as other expenses incurred from this offering, the balance are in the amount of 272.11 Million Baht.
In this regard, the Board of Directors Meeting No. 1/2022 held on February 23, 2022 resolved to approve the change in the objectives of the IPO utilization by adjusting the amount of the objective in no.1, which stated that "To use as funds for branch expansion projects or/and to improve the existing leased branches", the remaining amount of 30.08 million baht will be used for the purpose of no. 2, which stated that "To use as working capital in the business" because the Company has added an online ordering channels and slow down the expansion of branches.
The Company would like to report the utilization of capital increase Utilization between 1 January - 30 June 2022 as follows:
(Million Baht) | |||||||
Actual Utilization | Balance | The approved | Actual | Balance | |||
Estimated | until | as of | amount | Utilization | as of | ||
Objective | 31 December | 31 December | (Adjusting the | between | 30 June 2022 | ||
Utilization | |||||||
2021 | 2021 | credit) as of | 1 January - | ||||
23 February 2022 | 30 June 2022 | ||||||
1. | Working Capital for | 36.00 | 5.92 | 30.17 | (30.08) | (0.09) | - |
further branch | |||||||
expansion and | |||||||
infrastructure | |||||||
improvement for | |||||||
existing branches | |||||||
2. | Working capital | 236.11 | 223.94 | 12.17 | 30.08 | (42.25) | - |
for business | |||||||
operation | |||||||
Total | 272.11 | 229.86 | 42.34 | - | (42.34) | - | |
Please be informed accordingly.
Sincerely yours,
-Noppakrit Nithilertvijit-
(Mr. Noppakrit Nithilertvijit)
Chief Executive Officer