Triton Holding Public Company Limited (SET:TRITN) announced that it will issue 1,600,000,000 common shares at a price of THB 0.35 per share for gross proceeds of THB 560,000,000 on September 13, 2018. The total stake acquired by the two investors will be 16.61%. The transaction will include participation from new investors The Brooker Group Public Company Limited (SET:BROOK) for 200,000,000 shares representing 2.08% stake and Asia Alpha Equity Fund 3, a fund managed by Banjaran Asset Management Pte.

Ltd. for 1,400,000,000 shares representing 14.53% stake. The company will issue shares at a premium. The number of issued shares will increase to 9,633,578,407 shares upon closing.

The company will also issue 320,000,000 warrants exercisable at THB 0.40 per share for a period of 3 years from issuance between March 30, 2019 to February 28, 2023. The transaction is expected to close by end of February 2019. The transaction have a subscription date of February 29, 2019.

The securities issued are subject to hold period of 1 year from issue and upon completion of 6 months from listed date the investors can sell 25% of their holdings. The transaction has been approved by the board of directors of the company in its meeting number 11/2018. The transaction is subject to approval of shareholders in extraordinary general meeting to be held on November 6, 2018, approval of the Stock Exchange of Thailand by November 12, 2018 and will submit the capital increase form within 14 days of shareholder's meeting to the Department of Business Development of the Ministry of Commerce.