AgriPure Holdings Public Company Limited or APURE informed that the Board of Directors’ meeting No. 4/21, on October 21, 2021, passed a resolution approving the reduction of the Company’s registered capital. from the original registered capital 737,864,463.00 baht (amount 1,054,092,090 shares) to 670,794,168.10 baht (amount 958,277,383 shares) by eliminating 95,814,707 unissued ordinary shares at a par value of 0.70 baht, equivalent to 67,070,294.90 baht and to be presented to the shareholders’ meeting. for further approval
In addition, agreed to increase the registered capital of the Company. from the original registered capital 670,794,168.10 baht is the new registered capital. 1,006,191,252.50 baht by issuing new ordinary shares in the amount of not more than 479,138,692 shares, 0.70 baht per share, or 335,397,084.40 baht, and approves the allocation of the Company’s newly issued ordinary shares to support the exercise of warrants to purchase shares by allocating 479,138,692 warrants to the existing shareholders of the Company. and to be presented to the shareholders’ meeting for further consideration and approval.
In this regard, it is agreed to issue 479,138,692 warrants APURE-W3 to the existing shareholders at the ratio of 2 existing ordinary shares per 1 warrant, free of charge, with a 3-year maturity and the exercise ratio of APURE-W3. is 1 warrant has the right to purchase 1 ordinary share of the Company at the exercise price of 7 baht per share, except in the case where the exercise ratio and price may be adjusted according to the conditions of the right adjustment which is stated in the terms that With the rights and obligations of issuing APURE-W3 warrants, the exercise of rights is set at the end of the quarter of every calendar year. (Last business day of March, June, September and December)
The objective of issuing APURE-W3 warrants is to provide the Company with financial readiness and flexibility for the project. and various investments to create sustainable performance
The issuance of APURE-W3 if the total number of warrants has been exercised in the amount of 479,138,692 units and the users of such warrants Non-shareholders of the Company, the voting rights of the existing shareholders of the Company will be reduced by 33.33% and the issuance of warrants will affect the share price. Because the exercise price is 7.00 baht per share, which is lower than the market price before the offering.
The Extraordinary General Meeting of Shareholders No. 1/2021 will be held on Wednesday, December 8, 2021 at 2:30 p.m., which is the only meeting via electronic media (e-Meeting). and determine the names of shareholders who are entitled to attend the shareholders’ meeting (Record Date) on November 5, 2021 to consider various matters In accordance with the agenda of the meeting, including agreeing on the date to determine the names of shareholders who have the right to subscribe and receive the allotment of newly issued ordinary shares (Record Date) to be on December 17, 2021 and to be presented to the shareholders’ meeting shares for further approval