JKN Global Media Public : Notification of conversion price calculation of the convertible debentures
May 23, 2022 at 09:26 am EDT
Share
- Translation -
No. JKNGB-013-05/2022
May 23, 2022
Subject
Notification of conversion price calculation of the convertible debentures
To
The President
The Stock Exchange of Thailand
JKN GLOBAL GROUP PUBLIC COMPANY LIMITED (the "Company") has offered and issued the convertible debentures pursuant to the agreement in respect of "Unsubordinated and Unsecured Convertible Debentures to grant the right to convert the convertible debentures into ordinary shares of JKN Global Media Public Company Limited No.1/2022, due in 2025" to Advance Opportunities Fund ("AO Fund") and Advance Opportunities Fund 1 ("AO Fund 1") (collectively, the "Debentureholders"). On May 23, 2022, the Debentureholders have exercised the conversion of convertible debenture with the details as follows:
The
Amount of
Remaining debentures
Exercise the right to
Remaining debentures
Company's
debentures
before conversion
conversion (units)
after conversion (units)
long-term
(Units)
(Units)
(May 23, 2022)
convertible
AO
AO
AO
AO
AO
AO
AO
AO
debentures
Fund
Fund 1
Fund
Fund 1
Fund
Fund 1
Fund
Fund 1
No.1
25,000
35,000
-
20,000
-
2,000
-
18,000
Total
60,000
20,000
2,000
18,000
On May 23, 2022
AO Fund notified the conversion of "Unsubordinated and Unsecured Convertible Debentures to grant the right to convert the convertible debentures into ordinary shares of JKN Global Media Public Company Limited No.1/2022, due in 2025" complete.
AO Fund 1 notified the conversion of "Unsubordinated and Unsecured Convertible Debentures to grant the right to convert the convertible debentures into ordinary shares of JKN Global Media Public Company Limited No.1/2022, due in 2025" amount 2,000 units (THB 2 million) to 391,236 ordinary shares.
The conversion price of AO Fund 1 of THB 5.112 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.
1
The weighted average prices of the Company's shares for the past 7 business days are as follows:
Date
Number of Shares
Total Value ('000 THB)
May 20, 2022
5,108,733
28,148.77
May 19, 2022
1,894,351
10,731.93
May 18, 2022
991,602
5,739.57
May 17, 2022
1,118,175
6,486.25
May 13, 2022
922,824
5,389.14
May 12, 2022
1,848,741
10,839.00
May 11, 2022
432,872
2,567.69
Total
12,317,298
69,902.35
Weighted average market price for 7 business days (THB/Share)
90% of the weighted average market price (THB/Share)
Trading Volume Trading Value
69,902,350
12,317,298
5.68
5.112
The conversion price as of May 23, 2022 was THB 5.112 per share 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 will receive the convertible debentures on May 23, 2022 in the amount of 391,236 shares and the Company's remaining amount of shares being reserved for the next convertible debentures in the amount of 115,118,241 shares.
Please be informed accordingly.
Yours sincerely,
(Mr. Jakkaphong Jakrajutatip)
Chief Executive Officer and Managing Director
Authorized Disclosing Person
2
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JKN Global Media pcl published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 13:25:05 UTC.
JKN Global Group Public Company Limited is a Thailand-based company. The Company and its subsidiaries are principally engaged in the distribution of global and local contents of the movies, series and the documentaries; advertising services and production of television programs; production and distribution of non-alcoholic beverages; providing digital television stations and manufacturing and distribution of health, beauty and consumer products; and retail sale by mail order, television, radio and telephone; and production and distribution of television programs, granting the copyright to the Miss Universe pageant and relating to the Miss Universe pageant's activities. The Company operates through four segments: Sales of program rights and advertising services/airtimes, Sales of products, Miss Universe license management business, and Other business. The Company's subsidiaries include JKN Global Content Pte. Ltd., JKN Channel Company Limited, JKN IMC Company Limited, and others.