08 May 2017 12:38:00
Notification of the 3rd capital decrease and book closure date of JASIF
Capital reduction of fund Subject : Fund's capital reduction Date announced : 08-May-2017 Decreasing value of investment units : 0.0237 (THB per unit) Par value before fund's capital : 9.8753 reduction (THB per unit) Par value after fund's capital reduction : 9.8516 (THB per unit) Book closing date for fixing the names : 23-May-2017 of unitholders for the right to receive payment from fund's capital reduction Ex-Capital Return date (XN) : 18-May-2017 Payment date : 06-Jun-2017 Remark : BBL Asset Management Co., Ltd., the Management Company of Jasmine Broadband Internet Infrastructure Fund (JASIF)("The Fund"), would like to inform that the Fund had excess cash from advance rental payment amounting THB 816.51 million which the Fund received from Triple T Broadband PCL.("TTTBB") at the Closing Date pursuant to the Main Lease Agreement. The Management Company has planned to decrease the capital of the Fund approximately of THB 130.00 million in 2017. The Management Company, therefore, would like to decrease the capital of the Fund by THB 130.35 million. The capital reduction was made as predetermined and clearly described in the Fund Scheme. The advance rent of THB 816.51 million is the rent for the last three months under the Main Lease Agreement which will be paid to the Fund in 2026. Therefore, the above capital reduction may result Unitholders receiving less dividends in the future since the advance 3-month rental was already paid in the form of capital reduction. In addition, in the event of a force majeure event, which prevents the Fund from leasing the Optical Fiber Cables to TTTBB and, as a result, the Main Lease Agreement is terminated, the Fund shall still be liable and return the advance rent to TTTBB, provided that TTTBB has fulfilled all of its obligations thereunder. In such event, the Fund may not have sufficient funds to make such payment, in whole or in part, to TTTBB. The 3rd capital decrease of the Fund and book closure dates are as details described below: 1. To decrease the capital by Baht 0.0237 per unit by decreasing par value from Baht 9.8753 per unit to Baht 9.8516 per unit. The book closure date for this capital decrease will be on May 23, 2017 2. Payment date for capital decrease will be on June 6, 2017 Please note that this capital decrease is not deducted from retained earnings of the Fund. Please be informed accordingly. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.