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SEC encourages PHUKET bondholders to exercise their rights at the upcoming bondholders’ meeting



Friday 23 June 2023 | No. 104 / 2023


Bangkok, 23 June 2023 – The Securities and Exchange Commission (SEC) encourages the bondholders of PHUKET to study all available information, reach out to the bond issuer or the bondholder representative to obtain comprehensive and sufficient details for making an informed voting decision at the upcoming bondholders’ meeting, 

Phuket Fantasy Public Company Limited (PHUKET), the issuer of PHUKET bonds, will convene the bondholders’ meeting No. 1/2566 on 26 June 2023 at 10.00 hours at Meeting Room of Aviary Safari World Restaurant, Address: 99, Panya-Indra Road, West Samwa Subdistrict, Samwa District, Bangkok. Daol (Thailand) Securities Public Company Limited is the bondholder representative for all six tranches of the bond, as follows:  

1. Secured bond No. 1/2561, to reach maturity in 2024 (PHUKET207A)

2. Secured bond No. 2/2562, to reach maturity in 2024 (PHUKET208A)

3. Secured bond No. 4/2562, to reach maturity in 2024 (PHUKET20DA)

4. Secured bond No. 5/2562, to reach maturity in 2024 (PHUKET206A)

5. Secured bond No. 6/2562, to reach maturity in 2024 (PHUKET207B)

6. Secured bond No. 7/2562, to reach maturity in 2024 (PHUKET216A)

The meeting agenda contains subject matters for consideration as follows: 

Agenda Item 1: Consideration for approval of a waiver for the company’s inability to comply with the requirements regarding the maintenance of the debt-to-equity ratio (D/E Ratio) as of the end of the fiscal year, as a cause of default of the terms of rights; 

Agenda Item 2: Consideration for approval of a revision to the conditions for partial payments of interest, as approved by the bondholder meeting No. 1/2565; 

Agenda Item 3: Consideration for approval of a revision to the conditions for principal repayment, as approved by the bondholder meeting No. 1/2565. 

The SEC requires that the bondholder representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholder representative. 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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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 104 / 2023 Friday 23 June 2023
SEC encourages PHUKET bondholders to exercise their rights at the upcoming bondholders’ meeting

Bangkok, 23 June 2023 – The Securities and Exchange Commission (SEC) encourages the bondholders of PHUKET to study all available information, reach out to the bond issuer or the bondholder representative to obtain comprehensive and sufficient details for making an informed voting decision at the upcoming bondholders’ meeting, 

Phuket Fantasy Public Company Limited (PHUKET), the issuer of PHUKET bonds, will convene the bondholders’ meeting No. 1/2566 on 26 June 2023 at 10.00 hours at Meeting Room of Aviary Safari World Restaurant, Address: 99, Panya-Indra Road, West Samwa Subdistrict, Samwa District, Bangkok. Daol (Thailand) Securities Public Company Limited is the bondholder representative for all six tranches of the bond, as follows:  

1. Secured bond No. 1/2561, to reach maturity in 2024 (PHUKET207A)

2. Secured bond No. 2/2562, to reach maturity in 2024 (PHUKET208A)

3. Secured bond No. 4/2562, to reach maturity in 2024 (PHUKET20DA)

4. Secured bond No. 5/2562, to reach maturity in 2024 (PHUKET206A)

5. Secured bond No. 6/2562, to reach maturity in 2024 (PHUKET207B)

6. Secured bond No. 7/2562, to reach maturity in 2024 (PHUKET216A)

The meeting agenda contains subject matters for consideration as follows: 

Agenda Item 1: Consideration for approval of a waiver for the company’s inability to comply with the requirements regarding the maintenance of the debt-to-equity ratio (D/E Ratio) as of the end of the fiscal year, as a cause of default of the terms of rights; 

Agenda Item 2: Consideration for approval of a revision to the conditions for partial payments of interest, as approved by the bondholder meeting No. 1/2565; 

Agenda Item 3: Consideration for approval of a revision to the conditions for principal repayment, as approved by the bondholder meeting No. 1/2565. 

The SEC requires that the bondholder representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholder representative. 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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