Bangkok, SEC asks EA248A bondholders to exercise their rights to attend bondholder meetings, study information, and ask questions of the issuer or bondholder representatives to obtain complete and sufficient information for making voting decisions on 9 Aug 2024. As Energy Absolute Public Company Limited (EA) as the issuer of EA248A bonds will hold the 1/2024 bondholders' meeting on August 9, 2024 at 10:00 a.m. via electronic media (E-Meeting) with the following agenda for consideration: Agenda Item 1: Request for an extension of the closing of the bondholder register for holding a bondholder meeting for a period of less than 14 days prior to the bondholder meeting date, so that it is not considered a case where the bond issuer has not complied with the terms and conditions. Agenda Item 2 (a) extending the maturity date for redemption of the debentures for another 10 months and 15 days without it being considered an event of default and increasing the interest rate by another 1.89 percent per year from the original 3.11 percent per year to 5.00 percent per year during the period requested for extension; (b) increasing collateral for the debentures; In this regard, the Securities and Exchange Commission (SEC) has required the bondholder representative (Kiatnakin Phatra Bank Public Company Limited) to analyze the advantages, disadvantages, benefits and impacts that bondholders will receive from the resolution to approve or disapprove each option clearly, along with supporting reasons, including the opinion of the bondholder representative. The SEC therefore requests that bondholders study the information carefully and exercise their rights as bondholders to protect their own interests, as well as to inquire about various information from the bondholder representative in order to have complete information to support their decision to vote in the bondholder meeting. Source: Thai News Agency
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