Areeya
Property Public Company Limited (A), the issuer of all 10 tranches of the bonds
above, will convene the Bondholders’ Meeting No. 3/2024 electronically on 22
November 2024 at 13.00 hours. The e-meeting
agenda contains the matters for consideration as follows:
- A partial payment of interest at the
rate of 3.0 percent per year;
- A suspension of the payment of
the remaining interest for one year and six months, starting from the date of
the Bondholders’ Meeting No. 2/2024 on 21 October
2024;
- An inclusion of the deferred
interest in the calculation for payment on the redemption date or the date of
early bond redemption in full (as applicable);
- A partial payment of interest
and the deferral of interest to take effect retroactively from the date of the
Bondholders’ Meeting No. 2/2024. During the interest deferral period, the
company would pay an additional interest of 0.50% per year to be included in
the calculation for payment on the redemption date or the date of early bond
redemption in full (as applicable).
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:
Asia
Plus Securities Co., Ltd. is the bondholders’ representative for the 10
tranches of the A bonds. (A24NA bonds
due for redeemption in 2026, A255A, A257A
and A25OA bonds due for
redeemtion in 2027, A265A, A268A and A269A bonds due for redeemption
in 2028, and A271A, A271B and A275A bonds due for redemption in
2029).