AJ Advance Technology Public : Notification of Conversion Price Calculation and The registration of change of paid-up capital
June 27, 2022 at 05:35 pm IST
Share
AJA.021/2022
June 27th, 2022
Subject : Notification of Conversion Price Calculation and The registration of change of paid-up capital
To : President
The Stock Exchange of Thailand
AJ Advance Technology Company Limited ( the " Company") would like to inform that the Company has operated to offered and issue the newly convertible debentures pursuant to The Convertible Debentures Agreement for " AJ Advance Technology Company Limited 's long-term convertible debenture No.1/2022 due 2025", to Advance Opportunities Fund ("AO Fund") and Advance Opportunities Fund 1 (AO Fund 1). Later, The convertible debenture holders, namely AO Fund, notified the conversion of convertible debenture on 23 June, 2022 and 24 June 2022. Total amount of THB 6 million to 20,833,332 ordinary shares as follows: as follows:
The Company's
Amount of
Remaining
Exercise the right to
Remaining debentures after
long-term
debentures
debentures
conversion (unit)
conversion (unit)
convertible
(units)
before
23 - 24 June, 2022
conversion
debentures
AO Fund
AO Fund 1
Total
AO Fund
AO Fund1
Total
(unit)
No. 1/2022
30,000
30,000
6,000
-
6,000
9,000
15,000
24,000
Total
30,000
30,000
6,000
-
6,000
9,000
15,000
24,000
Note: Debenture 1,000 baht per unit.
June 23rd, 2022
AO Fund exercised their conversion rights of THB 3 million to 10,416,666 ordinary shares at the conversion price of 0.288 baht per share, Details of conversion price calculation using data from www.set.or.th as follows:
number of days
Date
Volume (Shares)
Value (Baht'000)
1
14/6/2022
29,108,521
10,686.86
2
15/6/2022
34,091,433
11,796.72
3
16/6/2022
30,548,730
10,461.15
4
17/6/2022
39,438,533
12,494.63
5
20/6/2022
57,581,474
16,622.44
6
21/6/2022
100,540,107
32,216.64
7
22/6/2022
41,095,014
12,973.24
Total
332,403,812
107,251.68
The weighted average price of 7 consecutive business days = 0.32 baht per share, 90 percent of the weighted average price of 7 consecutive business days = 0.288 baht per share.
June 24th, 2022
AO Fund exercised their conversion rights of THB 3 million to 10,416,666 ordinary shares at the conversion price of 0.288 baht per share, Details of conversion price calculation using data from www.set.or.th as follows:
number of days
Date
Volume (Shares)
Value (Baht'000)
1
15/6/2022
34,091,433
11,796.72
2
16/6/2022
30,548,730
10,461.15
3
17/6/2022
39,438,533
12,494.63
4
20/6/2022
57,581,474
16,622.44
5
21/6/2022
100,540,107
32,216.64
6
22/6/2022
41,095,014
12,973.24
7
23/6/2022
8,463,277
2,662.65
Total
311,758,568
99,227.47
The weighted average price of 7 consecutive business days = 0.32 baht per share, 90 percent of the weighted average price of 7 consecutive business days = 0.288 baht per share.
With the conversion price is not less than 90 percent of market price "The market price" shall be calculated based on the weighted average price Company's shares trading on the Stock Exchange of Thailand for not less than 7 consecutive business days but not exceeding 15 consecutive business days prior to the date that the Debenture holder exercises their conversion right. Therefore, it does not meet the criteria to prohibit of selling shares within 1 year from the date of receiving the convertible securities (Silent Period). In this regard, the weighted average price is calculation from the closing weighted average price traded in each consecutive business day (Floating Exercise Price). Whereby the market price will be calculated with two digit decimals. And for the conversion price of Convertible Debentures, it will be calculated with three digit decimals.
The Company hereby informs that the Company has completely registered the change in its paid- up capital from Baht 517,444,094. 90 to Baht 519,527,428. 1 0 with registrar of Department of Business Development, Ministry of Commerce on June 27th, 2022. As a result, the Company has the paid-up capital of Baht 519,527,428.10 divided in to 5,195,274,281 ordinary shares at a par value of Baht 0.10 each.
Please be informed accordingly,
Yours sincerely,
(Mrs. Prangthip Chanvisitsak)
Company Secretary
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AJ Advance Technology pcl published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 12:04:03 UTC.
AJ Advance Technology Public Company Limited is a Thailand-based company that is engaged in procuring and distributing of electrical appliance products under the brand, AJ. The Company has three products categories: audio and visual products, home appliances, and AJ EV bike. Its audio and visual products include speakers, portable radios, Bluetooth speakers and music boxes. The Company's home appliance products include large home appliances, such as portable air conditioners, refrigerators and washing machines, and small home appliances, such as thermos bottles, electric pots, steam iron blenders, induction cookers, microwave ovens, water purifier, oil-free fryer, floor fan, gas stove and solar LED. It is engaged in the electric motorcycle (EV Bike) distribution business, which includes AJ EV bike, mini-EV bike and electric tricycle. Its AJ EV bike products include C-LIKE, MINE PLUS, RAYMAN and Q6. Its mini-EV bike products include FUN 53 Electric bicycle and X5 Electric bicycle.
AJ ADVANCE TECHNOLOGY 
