G Capital Public Company Limited announced a private placement of convertible debenture for gross proceeds not exceeding THB 500,000,000 on January 28, 2022. The transaction will include participation from Advance Opportunities Fund I, fund managed by ZICO Asset Management Pte. Ltd. and Advance Opportunities Fund, a fund managed by Advance Capital Partners Asset Management Private Limited.

The debentures shall be convertible into not more than 92,592,593 shares of the company The debentures are senior and unsecured. The debentures shall be issued in 4 tranches, of THB 100 million in first tranche, THB 100 million in second tranche, THB 100 million in third tranche, and THB 200 million in fourth tranche. The debentures carry interest rate of 1% per annum payable quarterly.

The debentures will mature in 3 years from issuance of each tranche. The debentures are redeemable. The transaction has been approved by the board of directors of the company.

The transaction is subject to approval from shareholders of the company.