Ref. CS./22- 105
August 1, 2022
Subject: Notification of conversion price calculation of the convertible debentures of JCKH
To: The President
The Stock Exchange of Thailand
According to JCK Hospitality Public Company Limited ("the Company" or "JCKH") has operated to offer and issue the newly convertible debentures pursuant to the Convertible Debentures Agreement for
- JCK Hospitality Public Company Limited's long- term convertible debentures No. 4/ 2022 due 2025 . " To Advance Opportunities Fund ( " AO Fund" ) and Advance Opportunities Fund 1 ( " AO Fund 1" ) are collectively referred to as "the convertible debenture holders", then the convertible debenture holders notified the conversion of convertible debenture on August 1, 2022 as follows;
The | Amount of | Remaining | Exercise the right to conversion (unit) | Remaining debentures after conversion | |||||
Company's | debentures | debentures | (August 1, 2022) | (unit) | |||||
long-term | (units) | before | |||||||
AO Fund | AO Fund 1 | Total | AO Fund | AO Fund 1 | Total | ||||
convertible | conversion | ||||||||
debentures | (unit) | ||||||||
No. 1/2021 | 30,000 | - | - | - | - | - | - | - | |
No. 2/2021 | 10,000 | - | - | - | - | - | - | - | |
No. 3/2021 | 20,000 | - | - | - | - | - | - | - | |
No. 4/2021 | 20,000 | - | - | - | - | - | - | - | |
No. 5/2021 | 20,000 | - | - | - | - | - | - | - | |
No. 6/2021 | 15,000 | - | - | - | - | - | - | - | |
No. 7/2021 | 20,000 | - | - | - | - | - | - | - | |
No. 8/2021 | 10,000 | - | - | - | - | - | - | - | |
No. 9/2021 | 20,000 | - | - | - | - | - | - | - | |
No. 10/2021 | 10,000 | - | - | - | - | - | - | - | |
No. 1/2022 | 20,000 | - | - | - | - | - | - | - | |
No. 2/2022 | 21,000 | - | - | - | - | - | - | - | |
No. 3/2022 | 8,000 | - | - | - | - | - | - | - | |
No. 4/2022 | 40,000 | 2,000 | 2,000 | - | 2,000 | - | - | - | |
The | Amount of | Remaining | Exercise the right to conversion (unit) | Remaining debentures after conversion | |||||
Company's | debentures | debentures | (August 1, 2022) | (unit) | |||||
long-term | (units) | before | |||||||
AO Fund | AO Fund 1 | Total | AO Fund | AO Fund 1 | Total | ||||
convertible | conversion | ||||||||
debentures | (unit) | ||||||||
No. 5/2022 | 8,000 | 4,000 | - | - | - | 4,000 | - | 4,000 | |
No. 6/2022 | 8,000 | - | - | - | - | - | - | - | |
Total | 280,000 | 6,000 | 2,000 | - | 2,000 | 4,000 | - | 4,000 | |
And the Company has entered into the Convertible Debentures Agreement No. 2, with an amount not exceeding Baht 500 million (hereinafter referred to as "the Convertible Debentures Set 2") as approved by the 2022 Annual General Meeting of Shareholders held on April 4, 2022, with details of the exercise of convertible rights as follows:
The | Amount of | Remaining | Exercise the right to conversion (unit) | Remaining debentures after conversion | |||||
Company's | debentures | debentures | (August 1, 2022) | (unit) | |||||
long-term | (units) | before | AO Fund | AO Fund 1 | Total | AO Fund | AO Fund 1 | Total | |
convertible | conversion | ||||||||
debentures | (unit) | ||||||||
The | 20,000 | 20,000 | - | - | - | 10,000 | 10,000 | 20,000 | |
Convertible | |||||||||
Debentures | |||||||||
Set 2 | |||||||||
No. 1/2022 | |||||||||
The | 10,000 | 10,000 | - | - | - | - | 10,000 | 10,000 | |
Convertible | |||||||||
Debentures | |||||||||
Set 2 | |||||||||
No. 2/2022 | |||||||||
The | 5,000 | 5,000 | - | - | - | - | 5,000 | 5,000 | |
Convertible | |||||||||
Debentures | |||||||||
Set 2 | |||||||||
No. 3/2022 | |||||||||
Total | 35,000 | 35,000 | - | - | - | 10,000 | 25,000 | 35,000 | |
August 1, 2022
- AO Fund notified the conversion of " JCK Hospitality Public Company Limited's long- term convertible debentures No.4/2022 due 2025." amount 2,000 units (Baht 2 million) to 17,699,115 ordinary shares.
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- The conversion price of AO Fund of 0.113 Baht per share which is a convertible price of not less than 90 percent of the market price, which is calculated from the weighted average price of the Company's shares in the SET for the past 7-15 business days.
The weighted average price of the Company's shares for the past 7 business days is as follows:
Date | Number of Shares | Total Value ('000 Baht) |
19/07/2022 | 3,973,402 | 562.65 |
20/07/2022 | 8,085,901 | 1,138.25 |
21/07/2022 | 4,842,144 | 677.85 |
22/07/2022 | 6,434,453 | 896.04 |
25/07/2022 | 36,128,103 | 4,381.20 |
26/07/2022 | 24,411,471 | 2,927.72 |
27/07/2022 | 6,905,805 | 819.59 |
Total | 90,781,279 | 11,403.30 |
Remark: Information from www.setsmart.com
Weighted average market price for 7 business days (Baht/Share) | = | Trading Volume | |
Trading Value | |||
= | 11,403,300 | ||
90,781,279 | |||
= | 0.126 | ||
90% of the weighted average market price (Baht/Share) | = | 0.113 |
Note:
- The market price will be calculated by specifying 3 decimal places. If the 4th decimal place is 5 or more, it will be rounded up.
- The conversion price of the convertible debentures will be calculated by specifying 3 decimal places. If the 4th decimal place is 5 or more, it will be rounded up.
The convertible price of August 1, 2022 is equal to 0.113 Baht per share respectively, which is not lower than 90 percent of the said weighted average price. Therefore, it does not meet the conditions that prohibit the sale of shares within 1 year from the date of receiving the convertible securities ( Silent Period) pursuant to Notification of the Stock Exchange of Thailand, Re : Rules, Conditions and Procedures Governing the Listing of Ordinary or Preferred Shares Issued for Capital Increase B.E. 2558 (2015), Debenture holders
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will receive the convertible debentures on August 1, 2022 in the amount of 17,699,115 shares and the Company's remaining amount of shares being reserved for the next convertible debentures as follow;
- In the amount of 24,619,334 shares which the Company has allocated to reserve for the exercise of the Convertible Debentures not exceeding Baht 300 million (the Company has already issued and offered the Convertible Debentures of this amount totaling Baht 280 million, namely the issuance and offering of the Convertible Debentures No. 1/2021 - No. 10/2021 and the issuance and offering of the Convertible Debentures No. 1/2022 - No. 6/2022, the remaining amount of the Convertible Debentures for this amount, another Baht 20 million)
- In the amount of 266,745,361 shares which the Company has allocated to reserve for the exercise of the Convertible Debentures not exceeding Baht 500 million (hereinafter referred to as "the Convertible Debentures Set 2 " ) (the Company has already issued and offered the Convertible Debentures of this amount totaling Baht 35 million, namely the issuance and offering of the Convertible Debentures Set 2 No. 1/2022 - No. 3/2022, the remaining amount of the Convertible Debentures for this amount, another Baht 465 million)
Please be informed accordingly.
Yours Sincerely,
(Mr. Athawut Taechaubol)
Joint Chief Executive Officer
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JCK Hospitality pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 11:04:04 UTC.