Richy Place 2002 Public Company Limited (RICHY), the issuer of RICHY253A, RICHY255A, RICHY255B, RICHY259A, RICHY263A and RICHY268A bonds, will electronically convene the Bondholders’ Meeting No. 1/2025 on 17 January 2025 at 14.00 hours. The e-meeting contains matters for consideration of approval as follows:
(1) Granting the bond issuer’s request to revise the bond repayment terms, which constitutes the exemption or postponement of debt repayment or the adjustment of repayment schedules, without considering it as an event of default;
(2) Extending the maturity period for the redemption of all six bond series by additional two years, starting from the original maturity date;
(3) Allowing the repayment of principal in installments, with each installment amounting to 3 percent of the bond value, scheduled for payment every six months from the original maturity date. The remaining balance will be settled on the extended maturity date of the bond;
(4) Increasing the interest rate by 0.10 percent per year, based on the original interest rate of each bond series, during the extended maturity period.
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:
- Globlex Securities Co., Ltd. is the bondholders’ representative for RICHY253A bond to be due for redemption on 2 March 2025, and RICHY255B bond to be due on 12 May 2025.
- Asia Plus Securities Co., Ltd. is the bondholders’ representative for RICHY255A bond to be due on 10 May 2025, and RICHY259A bond to be due on 29 September 2025.
- Siam Wealth Securities Co., Ltd. is the bondholders’ representative for RICHY263A bond to be due on 13 March 2026, and RICHY268A bond to be due on 7 August 2026.