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SEC encourages bondholders of 12 tranches of EA bonds to exercise their rights at the upcoming bondholders’ meeting



Wednesday 21 August 2024 | No. 174 / 2024


Bangkok, 21 August 2024 – The Securities and Exchange Commission (SEC) encourages the bondholders of 12 tranches of EA bonds to study all available information, exercise their rights at the upcoming bondholders’ meeting, and reach out to the bond issuer or the bondholder representatives to obtain comprehensive and sufficient information for making an informed voting decision. The bondholders’ meeting will be held on 27 August 2024.

Energy Absolute Public Company Limited (EA), the issuer of EA bonds, will convene a bondholders’ meeting electronically on 27 August 2024 at 10.00 hours for three tranches of EA bonds (i.e., EA249A, EA269A and EA289A) and at 14.00 hours for nine tranches of EA bonds (i.e., EA257A, EA259A, EA279A, EA299A, EA329A, EA261A, EA281A, EA301A and EA331A). The e-meetings contain agenda for consideration of the following matters:  

Agenda Item 1: Matters for the information of the bondholders

Agenda Item 2: Consideration and approval of the request for a waiver for the following events not to be deemed an event of default under the terms and conditions of the bonds:  

          (1) Change to the maturity dates for redemption of short-term bills of exchange: EA24723A and EA24801A;
          (2) Extension of the maturity dates for redemption of EA248A and EA249A and an increase in the interest rates, provision of collaterals and entering into any relevant contracts.

 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.      



Remark:
Siam Commercial Bank Public Company Limited acts as the bondholder representative for EA249A, EA269A and EA289A bonds.

Kiatnakin Phatra Public Company Limited acts as the bondholder representative for EA257A, EA259A, EA279A, EA299A, EA329A, EA261A, EA281A, EA301A and EA331A bonds.

 






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