Grande Asset Hotels and Property Public : Report on the results of the Exercise of convertible debentures (F53-5) (Revised)

Headline:	Report on the results of the Exercise of convertible debentures (F53-5) (Revised)
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 09-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. 5/2022 due 2025

Number of	Number of non	Ratio	Conversion		Number of shares	Number of
conversed	(Convertible	Exercise	derived from	remaining shares
conversed convertible	Price
convertible	debentures :	Date	conversion	reserved
debentures (shares)	debentures (shares)	shares)	(baht/share)		(shares)	(shares)
10,000	10,000	1.00 :	0.198	From	50,505,050	1,613,954,883
		5050.505		09-Jun-2022
		(Update)		To
				09-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 May 30 - June 8, 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. 5 on June 9, 2022 at the amount of Baht 20 million (20,000 units). The Convertible Debenture holders exercised their rights of conversion on June 9, 2022, amounting to Baht 10 million (10,000 units). The remaining Convertible Debentures of Baht 10 million (10,000 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

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