Charn Issara Development Public : Set date for AGM, Omitted Dividend payment and Other important resolution
February 24, 2022 at 09:02 pm EST
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Date/Time
25 Feb 2022 08:49:32
Headline
Set date for AGM, Omitted Dividend payment and Other important resolution
Symbol
CI
Source
CI
Full Detailed News
Schedule of Shareholders' meeting
Subject : Schedule of Annual General Meeting of
Shareholders
Date of Board resolution : 24-Feb-2022
Shareholder's meeting date : 27-Apr-2022
Beginning time of meeting (h:mm) : 14 : 00
Record date for the right to attend the : 11-Mar-2022
meeting
Ex-meeting date : 10-Mar-2022
Significant agenda item :
- Capital increase
- The issuance of debentures
- The issuance of convertible securities
- Omitted dividend payment
Venue of the meeting : Electronic platforms
______________________________________________________________________
Increasing Capital
Subject : Specifying the purpose of utilizing
proceeds
Date of Board resolution : 24-Feb-2022
Number of additional common shares : 266,648,966
(shares)
Total of additional shares (shares) : 266,648,966
Par value (baht per share) : 1.00
Type of allocated securities : Common shares
Allocated to : All Common shares' shareholders
Number of allotted shares (shares) : 266,648,966
Ratio (Old : New) : 4.00 : 1.00
Subscription price (baht per share) : 1.00
Subscription period : From 24-May-2022 to 24-May-2022
Record date for the right to : 09-May-2022
subscribe additional shares
Ex-Rights Date (XR) : 06-May-2022
______________________________________________________________________
Issued Convertible Securities
Date of Board resolution : 24-Feb-2022
Type of allocated securities : Warrants
Allocate to : All common shares' shareholders
Number of allotted warrants (units) : 266,648,966
Reserved shares for the exercise of : Common shares
warrants
Number of additional shares (shares) : 266,648,966
Ratio (Existing shares : Warrant) : 4.00 : 1.00
Record date for the right to receive warrants
: 09-May-2022
Ex-rights date
: 06-May-2022
Offering price (baht per unit) : 0.00
Description of warrants
Warrant Symbol : CI-W2
Name of warrant : Warrant
to purchase ordinary shares of Company, No.2 or CI-W2
Exercise ratio (warrant : share) : 4.00 : 1.00
Exercise price (baht per share) : 1.00
Term of warrants :
2 years from the issuing and offering date of CI-W2 (24 May 2022-23 May
2024)
Type of allocated securities : Convertible debentures
Allocate to : Private placement (PP)
Person(s) receiving allotment(s) :
Advance Opportunities Fund and/or Advance Opportunities Fund 1
Number of allotted convertible : 256,041,532
debentures (units)
Reserved shares for the exercise of : Common shares
convertible debentures
Number of additional shares (shares) : 256,041,532
Description of convertible debentures
Name of convertible debentures :
Convertible Debenture with the conversion right to convert into the Company's
ordinary shares, senior and unsecured (Senior Unsecured Convertible Debentures)
("Convertible Debentures")
Term of convertible debentures :
3 years after the issuance of each Tranche
______________________________________________________________________
Dividend payment / Omitted dividend payment
Subject : Omitted dividend payment
Date of Board resolution : 24-Feb-2022
Omitted dividend payment from :
Operating period from 01-Jan-2021 to 31-Dec-2021
Remark :
The increased capital resulting from the exercise of rights shall be utilized as
a working capital for the operation of business and for thee expansion of
business in the future
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only. The Stock Exchange of Thailand has no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases. In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.
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Charn Issara Development pcl published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 02:01:03 UTC.
Charn Issara Development Public Company Limited is a Thailand-based company engaged in the sales or lease of office condominiums and real estate development. The Company operates through four segments: real estate development, lease of office condominiums, hotel operations, and sale of goods. The Company develops home and land development business, residential condominiums for sale, rents or sells office buildings and shopping centers and is involved in the hotel business. The Company manages office buildings, condominiums, housing estates, and real estate project management. The Company offers hotel management services and office space for rent complete with premium facilities. Its apartments, condominiums, and resorts include Cha-Am Beach Club, Jindarak Villa, Baan Suan Phet, and Charn Issara City Home Project. In addition, it also develops single houses, such as Charn Issara Park Home Project, Issara Garden House Project, and Lat Krabang Industrial Estate Project Phase III.