Thai Nondestructive Testing Public : Report on the results of the Exercise of convertible debentures (F53-5)

Headline:	Report on the results of the Exercise of convertible debentures (F53-5)
Security Symbol:	TNDT

Announcement Details

Report on the results of sale of securities (F53-5)

Name of Company THAI NONDESTRUCTIVE TESTING PUBLIC COMPANY LIMITED

Date 12-Jul-2022

Report on the results of the Exercise of convertible securities as follow

Name of Convertible debentures

Thai Nondestructive Testing Public Company Limited's long-term convertible debentures No. 2/2022 due 2024(TNDT)

Number of	Number of non	Ratio	Conversion		Number of shares	Number of
conversed	(Convertible	Exercise	derived from	remaining shares
conversed convertible	Price
convertible	debentures :	Date	conversion	reserved
debentures (shares)	debentures (shares)	shares)	(baht/share)		(shares)	(shares)
3,000	2,000	1.00 : 1424.50	0.702	From	4,273,504	136,143,974
				12-Jul-2022
				To
				12-Jul-2022

Summary

Total excercised shares / converted shares (common 4,273,504 shares)

Remark

The convertible debenture holders who have exercise: Advance Opportunities Fund 1 Conversion

Ratio: Principle amount of the Convertible Debentures divided by the conversion price

Conversion price: 90.00 percent of market price of the company's share on the Stock Exchange of Thailand for the past 7-15 consecutive business days before the conversion date is between 1 July 2022 to 11 July 2022. The weighted average price is 0.78 Baht per share and the conversion price is 0.702 Baht per share which is not less than 90.00 percent weighted average price. Therefore, it does not meet the criteria that prohibit the convertible debenture holders from selling the newly issued ordinary shares within one year from the date that the convertible debenture holders received the convertible securities (Silent Period).

However, the weighted average price calculated from closing price or weighted average price by trading volume in each business day (Floating Conversion Price) The company has issued and offered of Convertible Debentures as follows

No. 2/2022 Issuance and offering of Convertible Debentures on 1 July 2022 at the amount of 5 million Baht (5,000 units). The convertible debenture holders have exercised their conversion rights on 12 July 2022 at the amount of 3,000,000 Baht (3,000 units) , by Advance Opportunities Fund 1. The balance of convertible debentures of No.2/2022 which are not exercised at the amount of 2 million Baht (2,000 units).

Signature ________________________________	Signature ________________________________
(Miss Chomduen Satavuthi)	(Mr. Suwat Dangpibulskul)
Director	Director
Authorized to sign on behalf of the company	Authorized to sign on behalf of the company

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