JKN Global Media Public : Notification of conversion price calculation of the convertible debentures
June 30, 2022 at 06:53 am EDT
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- Translation -
No. JKNGB-019-06/2022
June 30, 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. 7/2022, due in 2025, unsubordinated and unsecured" to Advance Opportunities Fund ("AO Fund") (the "Debenture holder"). On June 30, 2022, the Debenture holder has 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 30, 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
-
20,000
-
-
-
20,000
No. 4/2022
40,000
-
-
-
-
-
-
-
No. 5/2022
20,000
-
-
-
-
-
-
-
No. 6/2022
20,000
-
-
-
-
-
-
-
No. 7/2022
20,000
-
20,000
-
15,000
-
5,000
-
No. 8/2022
40,000
-
40,000
-
-
-
40,000
-
Total
300,000
90,000
15,000
75,000
On June 30, 2022
AO Fund notified the conversion of "Convertible debentures granting the right to convert into ordinary shares of JKN Global Group Public Company Limited No. 7/2022, due in 2025, unsubordinated and unsecured" amount 1 5,000 units (THB 15 million) to 3,538,570 ordinary shares.
The conversion price of AO Fund of THB 4.239 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 9 business days are as follows:
Date
Number of Shares
Total Value ('000 THB)
June 29, 2022
1,809,909
8,320.69
June 28, 2022
8,140,403
37,525.97
June 27, 2022
2,795,824
13,277.05
June 24, 2022
1,729,174
8,084.04
June 23, 2022
1,615,610
7,577.84
June 22, 2022
2,632,009
12,630.07
June 21, 2022
5,886,778
28,776.99
June 20, 2022
1,329,133
6,221.91
June 17, 2022
3,121,812
14,574.98
Total
29,060,652
136,989.54
Weighted average market price for 9 business days (THB/Share)
90% of the weighted average market price (THB/Share)
Trading Value Trading Volume
136,989,540
29,060,652
4.71
4.239
The conversion price as of June 30, 2022 was THB 4.239 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 30, 2022 in the amount of 3,538,570 shares and the Company's remaining amount of shares being reserved for the next convertible debentures in the amount of 78,226,782 shares.
Please be informed accordingly.
Yours sincerely,
(Mr. Jakkaphong Jakrajutatip)
Chief Executive Officer and Managing Director
Authorized Disclosing Person
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JKN Global Media pcl published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 10:52:06 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.