News Detail
Date/Time
22 Dec 2021 21:21:00
Headline
Report on the results of the Exercise of convertible debentures (F53-5)
Symbol
PPPM
Source
PPPM
Report on the result of exercise of other convertible securities (F53-5) Report date of securities allocation : 22-Dec-2021 Exercised securities Convertible debentures Common shares Name of Convertible debentures : PP Prime Public Company Limited's long-term convertible debentures No. 1/2021 due 2024 Number of conversed convertible : 50,000 debentures (shares) Number of non conversed : 0 convertible debentures (shares) Ratio (Convertible debentures : : 1 : 1,388 shares) Conversion Price (baht/share) : 0.72 Exercise Date : From 22-Dec-2021 Number of shares derived from : 69,444,444 conversion (shares) Number of remaining shares : 440,555,556 reserved (shares) Remark : Name of the Debenture holders who exercise the rights: Advance Opportunities Fund and Advance Opportunities Fund 1 Conversion ratio: Principle amount of the Convertible Debentures divided by the conversion price Conversion price: Baht 0.72 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 Debenture holders exercised their conversion rights during November 29 - December 21, 2021 is Baht 0.80 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 Company offered for sale and issued convertible debentures No. 1 on December 21, 2021 in the amount of 50 million baht (50,000 units). The convertible debenture holders exercised the convertible debentures on December 22, 2021, amounting to 50 million baht (50,000 units). units) by ADVANCE OPPORTUNITIES FUND exercised 25 million baht (25,000 units) and ADVANCE OPPORTUNITIES FUND 1 exercised 25 million baht (25,000 units) complete the first convertible bond of 50 million baht (50,000 units) Authorized to sign on behalf of the : Mrs. Supattra Nakmontanakum company Position : Authorized Director M.L. Phanpiengduen Sungkahapong Authorized Director ______________________________________________________________________ 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.