Phuket
Fantasea Public Company Limited, as the issuer of six series of PHUKET bonds, convened
the Bondholders’ Meeting No. 1/2024 on 9 December 2024. However, the meeting
for PHUKET207A bond failed to achieve the required quorum under the terms and
conditions of the bonds. Consequently, the company will reconvene the
bondholders’ meeting for PHUKET207A on 20 December 2024 at 14.00 hours via an
electronic channel (E-meeting) to consider the following matters:
(1) an extension of maturity period
for bond redemption by one year and six months, revising the due date to 30
June 2026;
(2) a revision of the interest
payment term for the installment due on 30 December 2024, which involves paying
interest for the regular installment at 7.25 percent per year and paying the
remaining interest for the installment due on 30 December 2021 at 5.25 percent
per year; and
(3) a revision of the remaining
interest payment for the installment due on 30 June 2021 (at 6.25 percent per
year) will be restructured into three separate installments over the extended
period. These installments are scheduled for 30 April 2025, 30 August 2025, and
30 December 2025.
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.
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Remark:
Dao (Thailand) Securities Public Company Limited is the bondholders’
representative for PHUKET207A bonds due on 30 December 2024.