Power Line Engineering Public Company Limited (PLE), the issuer of PLE256A and PLE272A bonds, will convene the Bondholders’ Meeting No. 1/2025 electronically on 28 March 2025 at 10.00 hours to consider and approve the following matters:  

    (1)  Exemption from an event of default for the bond issuer’s  non-compliance with the requirement to maintain the Interest-Bearing Debt to Equity Ratio of no more than 4:1 as of December 31, 2024;  

    (2)  Amending the financial ratio requirement under the terms and conditions by increasing the maximum Interest-Bearing Debt to Equity Ratio from 4:1 to 5:1.

The SEC requires that the bondholders’ 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 the opinions of the bondholders’ 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 bondholders’ representative to obtain comprehensive information before making a voting decision at the bondholders’ e-meeting

Remark:
Blue Bell Securities Co., Ltd. serves as the bondholders’ representative for the PLE256A and PLE272A bonds.