Grande Asset Hotels and Property Public : Report on the results of the Exercise of convertible debentures (F53-5)
June 14, 2022 at 07:23 am EDT
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Headline:
Report on the results of the Exercise of convertible debentures (F53-5)
Security Symbol:
GRAND
Announcement Details
Report on the results of sale of securities (F53-5)
Name of Company GRANDE ASSET HOTELS AND PROPERTY PUBLIC COMPANY LIMITED
Date 14-Jun-2022
Report on the results of the Exercise of convertible securities as follow
Name of Convertible debentures
Grande Asset Hotels and Property Public Company Limited's long-term convertible debentures No. 6/2022 due 2025(GRAND)
Number of
Number of non
Ratio
Conversion
Number of shares
Number of
conversed
(Convertible
Exercise
derived from
remaining
conversed convertible
Price
convertible
debentures :
Date
conversion
shares reserved
debentures (shares)
debentures (shares)
shares)
(baht/share)
(shares)
(shares)
10,000
30,000
1.00 :
0.198
From
50,505,050
1,512,944,783
5050.505
14-Jun-2022
To
14-Jun-2022
Summary
Total excercised shares / converted shares (common 50,505,050 shares)
Remark
Name of the holders who exercise the rights: Advance Opportunities Fund
Conversion ratio: Principle amount of the Convertible Debentures divided by the conversion price
Conversion price: Baht 0.198 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 holders of the Convertible Debentures exercise their rights during 2 - 13 June 2022 is Baht 0.22 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 weighted average price is calculated from the closing weighted average price traded in each consecutive business day (Floating Conversion Price).
The Company offered and issued the Convertible Debentures No. 6 on June 13, 2022 at the amount of Baht 40 million (40,000 units). The Convertible Debenture holders exercised their rights of conversion on June 14, 2022, amounting to Baht 10 million (10,000 units). The remaining Convertible Debentures of Baht 30 million (30,000 units) has not been exercised.
Signature ________________________________
Signature ________________________________
(Mr. Vitavas Vibhagool)
(Ms. Wilawun Leongnarktongdee)
Director
Director
Authorized to sign on behalf of the company
Authorized to sign on behalf of the company
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.
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Grande Asset Hotels and Property pcl published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 11:22:03 UTC.
Grande Asset Hotels and Property Public Company Limited is a Thailand-based company. The Company is engaged in hotel, property development and rental businesses. The Company is focused on the investment in internationally and globally managed brand of four to five-star hotels such as Marriott International, and Hyatt International Corporation. Its property development business is focused on short-term return on investment and chooses to develop the properties that are located in prime locations, with close proximity to the convenient mass rapid transportations. In addition, the Company also invested in beachfront condominium and housing projects such as the Hua Hin Blue Lagoon Resort in Cha-am, which is a luxurious high-end residential property. The Company's portfolio includes The Westin Grande Sukhumvit, Royal Orchid Sheraton Hotel & Towers, Sheraton Hua Hin Resort & Spa Hotel, Sheraton Hua Hin Pranburi Villas, Hyde Sukhumvit 11 Condominium and various others.