RATCH Group Public Company Limited or RATCH revealed that on April 27, 2022, the general meeting of shareholders approved the increase of the Company’s registered capital. Amendment of the Company’s Memorandum of Association Clause 4 to be in line with the increase of registered capital and the allocation of newly issued ordinary shares for the offering of shares to the existing shareholders in proportion to their shareholding without allocating them to shareholders that would make the Company have duties under foreign law. (Preferential Public Offering:PPO) as the Board of Directors Offered with details of the offering price per share Number of shares offered and initial offering ratio of 37.75 baht per share
The above price is calculated from the weighted average price of the Company’s shares. During March 31, April 26, 2022, for a period of 15 consecutive business days prior to the date of the 2022 Annual General Meeting of Shareholders less 15% discount, which is calculated according to the conditions at the Board of Directors’ meeting. proposed to the general meeting of shareholders for approval
In this regard, the Annual General Meeting of Shareholders resolved to authorize the President and/or the President to sub-authorize to other appropriate persons. consider modifications or amend the announced offering price, either by increasing or reducing the said price, if it is considered appropriate for the success of the offering, provided that such adjustment to the offering price shall not exceed 10%. of the announced offering price and in determining the offering price
As for the adjustment of the said offering price will be determined by market conditions, the success of the IPO in order to achieve the highest objectives in raising funds of the Company and other relevant factors as the Company deems appropriate
In the case of an adjustment of the offering price announced in accordance with such conditions (Whether by increasing or reducing the said price), the final offering price per share will range from 33.97 to 41.52 baht per share, if the announced offering price is adjusted. Will notify the announced price adjustments and the final offering price via the Stock Exchange of Thailand’s information system within May 31, 2022
For the number of shares offered for sale not more than 769,230,770 shares and the ratio of offering per share not less than 1.885 existing ordinary shares to 1 newly issued ordinary share (In the case of fractions of shares calculated according to the share allocation ratio to round off the fraction of that share). The exact IPO ratio will be determined later. The final offering ratio will be announced via the Stock Exchange of Thailand’s information system within May 12, 2022.
However, the company expects to have a total PPO offering value of approximately 30 billion baht to invest in various projects of the company both domestically and internationally. both existing and that may occur in the future This includes investments in power plant projects in the Republic of Indonesia. company debt settlement and to be used as general operating expenses including working capital in the company’s business
