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SEC urges EP24DA bondholders to exercise their rights at the upcoming bondholders’ meeting



Friday 6 December 2024 | No. 265 / 2024


Bangkok, 6 December 2024 – The Securities and Exchange Commission (SEC) urges the EP24DA bondholders to study all available information, exercise their rights at the upcoming bondholders’ meeting, and reach out to the bond issuer or the bondholders’ representative to obtain comprehensive and sufficient information for making an informed voting decision. The bondholders’ meeting will be held on 12 December 2024.  

Eastern Power Group Public Company Limited (EP), the issuer of EP24DA bonds, will convene the Bondholders’ Meeting No. 2/2024 on 12 December 2024 at 14.00 hours. This hybrid meeting will be conducted through an electronic channel (E-meeting) and in person at the Miracle Grand Convention Hotel, (Magic Room 1, Ground Floor), located at 99 Kamphaeng Phet 6 Road, Talad-Bangkhen, Laksi, Bangkok. The meeting contains matters for consideration of approval as follows:    
          (1) A one-year extension of the maturity period for redemption;  

          (2) An increase of the interest rate by another 0.5 percent per year, from 6.25 percent per year to 6.75 percent per year, throughout the extended maturity period.

The SEC requires that the bondholders’ 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 bondholders’ 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 bondholders’ representative to obtain complete information before making an informed decision at the bondholders’ e-meeting.         




Remark: Yuanta Securities (Thailand) Co., Ltd. is the bondholders’ representative for EP24DA bonds due on 27 December 2024.  






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