January 21, 2015
Subject Report on the use of proceeds from Capital Increase
To The President
The Stock Exchange of Thailand
As MK Restaurant Group Public Company Limited (M) issued the new shares for the initial public offering in the amount of 185,850,000 shares at the selling price of Baht 49 per share which determined based on the demand of institutional investors (Book Building), the Company received the net proceeds (after the deduction of underwriting fee and related expenses) in the amount of Baht 8,936.93 million. The Company would like to report the use of proceeds ended December 30, 2014 as follows:
Objectives of the use of proceeds | Proceeds utilization plan (Million Baht) | Amount of proceeds used Between Aug 2013-Jun 2014 (Million Baht) | Amount of proceeds used Between Jul-Dec 2014 (Million Baht) | Remaining proceeds As of Dec 30, 2014 (Million Baht) |
1. Construction expense for new central kitchen | 1,000 | 844.80 | 108.96 | 46.24 |
2. Construction expense for new office building | 320 | 259.30 | 44.54 | 16.16 |
3. Branch expansion | 600 | 456.20 | 206.20 | -62.40 |
4. Working capital | 7,016.93 | 7,016.93 | - | - |
Total | 8,936.93 | 8,577.23 | 359.70 | 0 |
In addition, as the Company had issued and offered warrants (M-WA) to executives and employees in the amount of 20,000,000 units, the Company had received the capital increased from the exercised warrants during the
period of September 2014 to December 2014 as follows:
Exercise Period | Number of warrants exercised | Number of ordinary shares from exercised warrants | Total amount received from exercised warrants |
No. 1 | 1,231,100 units | 1,231,100 shares | 1,231,100 Baht |
The Company would like to inform that the total amount received from the exercised warrants has been utilized as working capital in the operation of the Company as a whole.
Please be informed accordingly
Your Faithfully
(Mr.Pravit Tantiwasinchai)
Executive Vice President and Chief Financial Officer
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