AJ Advance Technology Public : Notification of Conversion Price Calculation and The registration of change of paid-up capital
July 01, 2022 at 04:33 pm IST
Share
AJA.022/2022
July 1st, 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 29 June, 2022 and 30 June 2022. Total amount of THB 9 million to 31,586,021 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
29 -30June, 2022
conversion
debentures
AO Fund
AO Fund 1
Total
AO Fund
AO Fund1
Total
(unit)
No. 1/2022
30,000
24,000
9,000
-
9,000
-
15,000
15,000
Total
30,000
24,000
9,000
-
9,000
-
15,000
15,000
Note: Debenture 1,000 baht per unit.
June 29th, 2022
AO Fund exercised their conversion rights of THB 3 million to 10,752,688 ordinary shares at the conversion price of 0.279 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
20/6/2022
57,581,474
16,622.44
2
21/6/2022
100,540,107
32,216.64
3
22/6/2022
41,095,014
12,973.24
4
23/6/2022
8,463,277
2,662.65
5
24/6/2022
33,241,053
10,913.47
6
27/6/2022
11,694,665
3,782.20
7
28/6/2022
9,781,700
3,200.85
Total
262,397,290
82,371.49
The weighted average price of 7 consecutive business days = 0.31 baht per share, 90 percent of the weighted average price of 7 consecutive business days = 0.279 baht per share.
June 30th, 2022
AO Fund exercised their conversion rights of THB 6 million to 20,833,333 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
20/6/2022
57,581,474
16,622.44
2
21/6/2022
100,540,107
32,216.64
3
22/6/2022
41,095,014
12,973.24
4
23/6/2022
8,463,277
2,662.65
5
24/6/2022
33,241,053
10,913.47
6
27/6/2022
11,694,665
3,782.20
7
28/6/2022
9,781,700
3,200.85
8
29/6/2022
24,474,149
8,187.23
Total
286,871,439
90,558.72
The weighted average price of 8 consecutive business days = 0.32 baht per share, 90 percent
of the weighted average price of 8 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 519,527,428. 10 to Baht 522,692,457. 40 with registrar of Department of Business Development, Ministry of Commerce on July 1st, 2022. As a result, the Company has the paid-up capital of Baht 522,692,457.40 divided in to 5,226,924,574 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 01 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2022 11:02:12 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 
