Singer Thailand Public Company Limited announced that it has entered into a share subscription agreement to issue no more than 197,108,696 ordinary shares at a price of THB 36.3005 per share for gross proceeds of THB 7,155,144,219.15 on August 26, 2021. The transaction included participation from U City Public Company Limited. The company issued 11,557,681 warrants to the investor.

Each warrant is exercisable into one common share of the company at an exercise price of THB 36.3005. The warrants will expire on May 23, 2023. The first exercise date of warrants is December 30, 2021 and the exercising period should not exceed 1 year and 6 months from the date of issuance.

The transaction has been approved by the shareholders of the company at its Extraordinary General Meeting of Shareholders No. 1/2021.