Charn Issara Development Public : Set date for AGM, Omitted Dividend payment and Other important resolution

Date/Time

25 Feb 2022 08:49:32

Headline

Set date for AGM, Omitted Dividend payment and Other important resolution

Symbol

CI

Source

CI

Full Detailed News

                Schedule of Shareholders' meeting

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 24-Feb-2022
Shareholder's meeting date               : 27-Apr-2022
Beginning time of meeting (h:mm)         : 14 : 00
Record date for the right to attend the  : 11-Mar-2022
meeting
Ex-meeting date                          : 10-Mar-2022
Significant agenda item                  :
  - Capital increase
  - The issuance of debentures
  - The issuance of convertible securities
  - Omitted dividend payment
Venue of the meeting                     : Electronic platforms
______________________________________________________________________

Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
proceeds
Date of Board resolution                 : 24-Feb-2022
Number of additional common shares       : 266,648,966
(shares)
Total of additional shares (shares)      : 266,648,966
Par value (baht per share)               : 1.00
Type of allocated securities             : Common shares
  Allocated to                           : All Common shares' shareholders
     Number of allotted shares (shares)  : 266,648,966
     Ratio (Old : New)                   : 4.00 : 1.00
    Subscription price (baht per share)  : 1.00
    Subscription period                  : From 24-May-2022 to 24-May-2022
    Record date for the right to         : 09-May-2022
subscribe additional shares
    Ex-Rights Date (XR)                  : 06-May-2022
______________________________________________________________________

Issued Convertible Securities

Date of Board resolution                 : 24-Feb-2022
Type of allocated securities             : Warrants
  Allocate to                            : All common shares' shareholders
    Number of allotted warrants (units)  : 266,648,966
    Reserved shares for the exercise of  : Common shares
warrants
    Number of additional shares (shares) : 266,648,966
    Ratio (Existing shares : Warrant)    : 4.00 : 1.00
    Record date for the right to receive warrants                               
                                         : 09-May-2022
    Ex-rights date                                                              
                                              : 06-May-2022
    Offering price (baht per unit)       : 0.00
    Description of warrants
      Warrant Symbol                                                   : CI-W2
      Name of warrant                                                  : Warrant
 to purchase ordinary shares of Company, No.2 or CI-W2
      Exercise ratio (warrant : share)   : 4.00 : 1.00
      Exercise price (baht per share)    : 1.00
      Term of warrants                   :
    2 years from the issuing and offering date of CI-W2 (24 May 2022-23 May 
2024)
Type of allocated securities             : Convertible debentures
  Allocate to                            : Private placement (PP)
  Person(s) receiving allotment(s)       :
    Advance Opportunities Fund and/or Advance Opportunities Fund 1
    Number of allotted convertible       : 256,041,532
debentures (units)
    Reserved shares for the exercise of  : Common shares
convertible debentures
    Number of additional shares (shares) : 256,041,532
    Description of convertible debentures
      Name of convertible debentures                                   : 
Convertible Debenture with the conversion right to convert into the Company's
ordinary shares, senior and unsecured (Senior Unsecured Convertible Debentures)
("Convertible Debentures")
      Term of convertible debentures     :
        3 years after the issuance of each Tranche
______________________________________________________________________

Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 24-Feb-2022
Omitted dividend payment from            :
    Operating period from 01-Jan-2021 to 31-Dec-2021

Remark                                   :
The increased capital resulting from the exercise of rights shall be utilized as
a working capital for the operation of business and for thee expansion of
business in the future
______________________________________________________________________
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