Phi Phi Holiday Co., Ltd., the issuer of PPH206A bond, will convene the bondholders’ electronic meeting No. 2/2566 on 28 November 2023 at 14.00 hours. Daol Securities (Thailand) Public Company Limited serves as the bondholder representative for PPH206A.   

The e-meeting’s agenda contains subject matters for consideration as follows:      

    Agenda item 1: Consideration for approval of an extension of the bond maturity date for a period of one year and six months;  

    Agenda item 2: Consideration for approval of a partial repayment of the principal by reducing the face value per unit by not less than 33 percent of the principal of the bond at the face value per unit as of the issuance date;    

    Agenda item 3: Consideration for approval of an amendment to the terms and conditions to allow the bond representative the right to file legal proceedings against the bond issuer without convening a bondholders’ meeting in the event of default and on the condition that the bond representative has sent a letter to the bond issuer to demand immediate repayment of the bond reaching maturity.   

The SEC requires that the bondholder representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholder representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholder representative to obtain complete information before making an informed decision at the bondholders’ e-meeting.   

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