company all inspired Development Point Public Company Limited or ALL Notified the Stock Exchange of Thailand (SET) in accordance with “All Inspire Development Public Company Limited Guaranteed Debentures No. 3/2021 due in 2021 Prof. 2024, where the debenture issuer has the right to withdraw ‘the debentures back before the redemption date’ or ALL244A All Inspire Development Public Company Limited debentures. 5 in the amount of 10,651,495.04 baht on January 3, 2023, where the company has a duty to pay interest on bonds to bondholders on that date in accordance with the terms and conditions, but the company is unable to pay interest to bondholders on the due date. It is considered an event of default under Clause 11.1 (3) of the Terms and Conditions. In this regard, Clause 11.2 of the Terms and Conditions can be exercised by the debenture holder’s representative (Bank of Ayudhya Public Company Limited) discretion unilaterally as it sees fit. Proceed to claim the company to repay the debt under the debentures. or take legal action against the company or may hold a meeting of bondholders
Within 45 days of the date it became aware of the event of default seek a decision on the action requiring the Company to repay the debt under the debentures or sue the company if there is damage happening
However, the non-payment of interest mentioned above does not mean that the Company must pay all debts that are not yet due immediately (Call Default) as it must take action as indicated in Clause 11.3 of the Terms and Conditions clause 11.3 states that when the default occurs above, which
(1) The debenture holder’s representative exercises his discretion within fifteen days from the date he becomes aware of the event of default. unless the bond holder’s representative sends a letter summoning the bond holder’s meeting within fifteen days after he becomes aware of the event of default; or
(2) The bondholder’s representative has received a written request from one or more bondholders who hold bonds or holding bonds. together of not less than 50 per cent of all unredeemed debentures; or
(3) the bondholder’s representative has received a decision from the bondholder’s meeting where the bondholder’s representative must convene the bondholder’s meeting within 45 days of the date he knows about the default; The Bondholders’ Representative must promptly send written notice to the Company to pay all bonds not yet due.
By noting the event of default that also occurred (“Author calls for immediate repayment” within 5 business days of the date he becomes aware of the event of default or
The date of expiry of the consideration period under Clause (1) or from the date on which the letter of application under Clause (2) was received or from the date on which the bondholder’s meeting passed a resolution under Clause (3), according the happening.
If the event of default continues until the summons for settlement has been served or is deemed to have been served on the Company. All debts under the debentures not yet due shall be deemed immediately due and the Company shall pay all outstanding principal.
under debentures together with the interest in accordance with the terms and conditions calculated until then to the bond holders within the period that the bond holder’s representative has informed the company in writing to make the payment.
In this regard, the Company would like to inform the details of non-payment of interest on the debentures as follows:
The company would like to inform that the company was not indifferent and took steps to repay the interest on the debentures. 10,651,495.04 baht as soon as possible The company will continue to report on the progress.
