JKN Global Media Public : Notification of conversion price calculation of the convertible debentures
July 04, 2022 at 07:03 am EDT
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- Translation -
No. JKNGB-001-07/2022
July 4, 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" and "Convertible debentures granting the right to convert into ordinary shares of JKN Global Group Public Company Limited No. 8/2022, due in 2025, unsubordinated and unsecured" to Advance Opportunities Fund ("AO Fund") (the "Debenture holder"). On July 4, 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)
(July 4, 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
-
5,000
-
5,000
-
-
-
No. 8/2022
40,000
-
40,000
-
15,000
-
25,000
-
Total
300,000
75,000
20,000
55,000
On July 4, 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 5,000 units (THB 5 million) and "Convertible debentures granting the right to convert into ordinary shares of JKN Global Group Public Company Limited No. 8/2022, due in 2025, unsubordinated and unsecured" amount 15,000 units (THB 15 million) totaling 20,000 units (THB 20 million) to 4,789,272 ordinary shares.
1
The conversion price of AO Fund of THB 4.176 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.
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)
July 1, 2022
1,024,921
4,647.63
June 30, 2022
2,549,192
11,724.69
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
Total
19,665,033
91,157.91
Weighted average market price for 7 business days (THB/Share)
90% of the weighted average market price (THB/Share)
Trading Value Trading Volume
91,157,910
19,665,033
4.64
4.176
The conversion price as of July 4, 2022 was THB 4.176 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 July 4, 2022 in the amount of 4,789,272 shares and the Company's remaining amount of shares being reserved for the next convertible debentures in the amount of 73,437,510 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 04 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2022 11:02:01 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.