JKN Global Media Public : Notification of conversion price calculation of the convertible debentures
June 07, 2022 at 07:32 am EDT
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- Translation -
No. JKNGB-007-06/2022
June 7, 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 "Convertible debentures granting the right to convert into ordinary shares of JKN Global Group Public Company Limited No. 3/2022, due in 2025, unsubordinated and unsecured" to Advance Opportunities Fund ("AO Fund") and Advance Opportunities Fund 1 ("AO Fund 1") (collectively, the "Debenture holders"). On June 7, 2022, the Debenture holders 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)
(June 7, 2022)
convertible
AO
AO
AO
AO
AO
AO
AO
AO
debentures
Fund
Fund 1
Fund
Fund 1
Fund
Fund 1
Fund
Fund 1
No. 1/2022
25,000
35,000
-
10,000
-
-
-
10,000
No. 2/2022
60,000
-
-
-
-
-
-
-
No. 3/2022
20,000
20,000
10,000
20,000
10,000
-
-
20,000
Total
160,000
40,000
10,000
30,000
On June 7, 2022
AO Fund 1 has not exercised the right of conversion of "Convertible debentures granting the right to convert into ordinary shares of JKN Global Group Public Company Limited No. 3/2022, due in 2025, unsubordinated and unsecured"
AO Fund notified the conversion of "Convertible debentures granting the right to convert into ordinary shares of JKN Global Group Public Company Limited No. 3 /2022, due in 2025, unsubordinated and unsecured" amount 10,000 units (THB 1 0 million) to 1,942,501 ordinary shares.
The conversion price of AO Fund of THB 5.148 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 12 business days are as follows:
Date
Number of Shares
Total Value ('000 THB)
June 6, 2022
3,287,286
18,177.80
June 2, 2022
4,106,898
22,917.44
June 1, 2022
12,788,316
72,949.85
May 31, 2022
4,919,547
29,394.82
May 30, 2022
5,865,021
34,486.18
May 27, 2022
2,051,419
11,726.42
May 26, 2022
1,923,006
10,896.47
May 25, 2022
1,937,176
11,208.41
May 24, 2022
960,419
5,577.40
May 23, 2022
4,330,596
25,007.23
May 20, 2022
5,108,733
28,148.77
May 19, 2022
1,894,351
10,731.93
Total
49,172,768
281,222.72
Weighted average market price for 9 business days (THB/Share)
90% of the weighted average market price (THB/Share)
Trading Value Trading Volume
281,222,720
49,172,768
5.72
5.148
The conversion price as of June 7, 2022 was THB 5.148 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 June 7, 2022 in the amount of 1,942,501 shares and the Company's remaining amount of shares being reserved for the next convertible debentures in the amount of 97,971,416 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 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 11:31:02 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.