Charn Issara Development Public : Set date for AGM, Omitted Dividend Payment, issuance and offering of the Convertible Debentures by private placement and Other important resolutions (Amend PDF and amend template No.2)

Date/Time

25 Feb 2022 12:31:25

Headline

Set date for AGM, Omitted Dividend Payment, issuance and offering of the Convertible Debentures by private placement and Other important resolutions (Amend PDF and amend template No.2)

Symbol

CI

Source

CI

Full Detailed News

                Schedule of Shareholders' meeting

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 24-Feb-2022
Shareholder's meeting date               : 27-Apr-2022
Beginning time of meeting (h:mm)         : 14 : 00
Record date for the right to attend the  : 11-Mar-2022
meeting
Ex-meeting date                          : 10-Mar-2022
Significant agenda item                  :
  - Capital increase
  - The issuance of debentures
  - The issuance of convertible securities
  - Omitted dividend payment
Venue of the meeting                     : Electronic platforms
______________________________________________________________________

Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
proceeds
Date of Board resolution                 : 24-Feb-2022
Number of additional common shares       : 522,690,498
(shares)
Total of additional shares (shares)      : 522,690,498
Par value (baht per share)               : 1.00
Type of allocated securities             : Common shares
  Allocated to                           : Reserved shares for the exercise of 
convertible securities
    Number of allotted shares (shares)   : 522,690,498
Remark (New)                             :
Not exceeding 266,648,966 shares for reserving for the exercise of CI-W2. Not 
exceeding 256,041,532 shares for accommodate to exercise of conversion right for
 the Convertible Debenture
______________________________________________________________________

Issued Convertible Securities

Date of Board resolution                 : 24-Feb-2022
Type of allocated securities             : Warrants
  Allocate to                            : All common shares' shareholders
    Number of allotted warrants (units)  : 266,648,966
    Reserved shares for the exercise of  : Common shares
warrants
    Number of additional shares (shares) : 266,648,966
    Ratio (Existing shares : Warrant)    : 4.00 : 1.00
(Update)
    Record date for the right to receive warrants                               
                                         : 09-May-2022
    Ex-rights date                                                              
                                              : 06-May-2022
    Offering price (baht per unit)       : 0.00
    Description of warrants
      Warrant Symbol                                                   : CI-W2
      Name of warrant                                                  : Warrant
 to purchase ordinary shares of Company, No.2 or CI-W2
      Exercise ratio (warrant : share)   : 1.00 : 1.00
      Exercise price (baht per share)    : 1.00
      Term of warrants                   :
    2 years from the issuing and offering date of CI-W2
Type of allocated securities             : Convertible debentures
  Allocate to                            : Private placement (PP)
  Person(s) receiving allotment(s)       :
    Advance Opportunities Fund and/or Advance Opportunities Fund 1
    Number of allotted convertible       : 256,041,532
debentures (units)
    Reserved shares for the exercise of  : Common shares
convertible debentures
    Number of additional shares (shares) : 256,041,532
    Description of convertible debentures
      Name of convertible debentures                                   : 
Convertible Debenture with the conversion right to convert into the Company's
ordinary shares, senior and unsecured (Senior Unsecured Convertible Debentures)
("Convertible Debentures")
      Term of convertible debentures     :
        3 years after the issuance of each Tranche
______________________________________________________________________

Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 24-Feb-2022
Omitted dividend payment from            :
    Operating period from 01-Jan-2021 to 31-Dec-2021

Remark                                   :
The increased capital resulting from the exercise of rights shall be utilized as
a working capital for the operation of business and for thee expansion of
business in the future
______________________________________________________________________
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