Report on the utilization of proceeds from capital increase
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(-Translation-)
Ref. BTS 2233/2010
Aug 2, 2010
Subject Report on the utilization of proceeds from capital increase
To President
The Stock Exchange of Thailand
Whereas BTS Group Holdings Public Company Limited has allocated 14,572,185,252
newly issued ordinary shares to the existing shareholders (Right Offering) at
the offering price of Baht 0.63 per share and allocated 4,459,818,846 newly
issued ordinary shares to the group of financial institution investors and the
group of clients of securities companies who are the Company's underwriters at
the offering price of Baht 0.63 per share. In this regard, the Company
received totaling Baht 11,990,162,581.74 from the issuance and sales of the
total of 19,032,004,098 new ordinary shares.
The Company would like to inform that the entire proceeds from the said
capital increase has been used for the repayment of the Baht 12,000 million
Tranche 1 loan facilities to Bangkok Bank Public Company Limited on June 14,
2010 and, therefore, the debt obligation of the Company has been reduced
accordingly. This utilization of proceeds from capital increase is in
accordance with the objective of the sales of the Company's shares as approved
by the shareholders' meeting.
Please be informed accordingly.
Yours sincerely,
BTS Group Holdings Public Company Limited
-Mr. Keeree Kanjanapas / Mr. Kong Chi Keung -
Directors