On 25 February 2025, Prime Road Power Public Company Limited (PRIME), the issuer of PRIME253B bond, held a bondholders’ meeting. However, the number of bondholders attending the meeting did not meet the quorum requirements as specified in the terms and conditions. Therefore, the company will re-convene the bondholders’ meeting electronically on 5 March 2025 at 14.00 hours to consider the following matters:    

        (1) Extending the maturity period for bond redemption by additional year, with the new maturity date set for 8 March 2026;  

        (2) Adjusting the principal repayment schedule into two installments, with the first installment comprising no less than 30 percent of the bond value to be paid by 31 July 2025, and the second installment settling the remaining balance on the extended maturity date;
        (3) Increasing the interest rate from 5.95 percent per year to 6.45 percent per year, during 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 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 comprehensive information before making a voting decision at the bondholders’ e-meeting

Remark:
BlueBell Securities Co., Ltd. serves as the bondholders’ representative for PRIME253B bond due on 8 March 2025.