Cissa Group Co., Ltd., the issuer of CISSA221A bond, will convene the bondholders’ electronic meeting No. 2/2566 on 27 July 2023 at 14.00 hours to consider the matters related to the secured debentures of CISSA company limited No. 1/2020 due 2025 with the issuer’s right of early redemption. Daol Securities (Thailand) Public Company Limited is the bondholders’ representative.    

The e-meeting’s agenda contains subject matters for consideration as follows:     
          Agenda Item 1: Consideration for approving a waiver of the terms and conditions regarding the closing of the bondholder register to determine the list of the meeting attendees and the timeframe for sending the invitation to the bondholders’ meeting;  
          Agenda 2: Consideration for approving a waiver of partial payment for redemption of the bond due on 31 July 2023 without it being deemed a default under the terms and conditions;   
          Agenda 3: Consideration for approving a waiver for the company’s compliance with the terms and conditions regarding the maintenance of the debt-to-equity ratio at the end of the quarter or at the end of the fiscal year without being deemed a cause of default according to the terms and conditions.

In this regard, the SEC has issued guidelines for the duties of the representative of the bondholders whereby the representative is required to analyze the benefits and shortcomings as well as potential impacts on the bondholders both in cases of approval or decline of approval for the above matters with respective supporting reasons. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholder representative to obtain complete information before making an informed decision at the bondholders’ e-meeting.       
 

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