BCPG Public : Report of the utilization of capital increase
August 02, 2022 at 08:22 pm EDT
Share
-Translation-
No. 10000/051/2022
2nd August 2022
Subject:
Report of the utilization of capital increase
Attention:
President
The Stock Exchange of Thailand
Reference is made to BCPG Public Company Limited ("Company") issued and offered the newly issued ordinary shares to existing shareholders of proportionate to their respective shareholdings (Rights Offering) at the offering price of THB 11.50 per share. The Company also issued and offered the warrants to subscribe for the newly issued ordinary shares in the capital increase of the Company without consideration to existing shareholders of the Company who subscribe for and are allocated the newly issued ordinary shares in the Rights Offering (BCPG-W1 and BCPG-W2). The transactions were on 3-6 November 2020 and 9 November 2020. The total amount of purchased shares by the existing shareholders were 249,871,926 shares, equivalent to THB 2,873,527,149.
Additionally, the Company issued and offered the newly issued ordinary shares to private placement with the offering price clearly specified at THB 11.50 per share. The Company also issued and offered the warrants to subscribe for the newly issued ordinary shares in the capital increase of the Company without consideration to investors who subscribe for and are allocated the newly issued ordinary shares in Private Placement with the offering price clearly specified (BCPG- W3). The transactions were on 11 November 2020. The total amount of purchased shares by the private placement were 391,500,000 shares, equivalent to THB 4,502,250,000. After deducting the capital increase registration fees, the Company has the remaining capital increase of THB 7,375,527,149.
During January 2021 and June 2022, the Company had schedules to exercise the rights of the warrants to purchase the newly issued ordinary shares of the Company including 5 times of BCPG-W1 and 3 times of BCPG-W3. Total number of exercised warrants to purchase the newly issued ordinary shares were 2 5 3 , 3 85,131 shares and exercised price was THB 8.00 per share making total amount of THB 2,027,081,048. As a result, the cash from capital increase as of 30 June 2022 was THB 9,402,608,197. The Company would like to report the above proceeds utilization of remaining capital as of 30 June 2022 as follows.
Unit: THB million
Objectives
Plan of
Amount
Used
Used Amount
Balance
use
from
Amount
during of 1
Amount
capital
as of 31
January and
as of 30
increase
December
30 June 2022
June 2022
2021
Investments in a wind power project with a
3,570
476
57
capacity of 600 MW in Lao PDR
Repayment to financial institutions some
1,210
1,060
-
debts obtained for the acquisition of solar
power plant projects with a combined
capacity, as per power purchase agreement, of
20 MW in Thailand, including the investment
for the acquisition of the remaining value of
the project and as an investment to improve
the efficiency and maintenance of the project
9,403
5,184
Repayment to financial institutions some
1,870
1,560
-
debts obtained for the acquisition of
hydropower plant projects of Nam San 3A and
Nam San 3B with a combined capacity of 114
MW, including investment for construction and
operation of power transmission lines and
substations
Future investments in power plant projects
3,700
889
177
both in Thailand and abroad
Total
10,350
9,403
3,985
234
5,184
Please be informed accordingly.
Yours sincerely, -Signed-
(Mr. Niwat Adirek)
Chief Executive Officer and President
Corporate Financial Management and
Investor Relations Department
Tel. 02-335-8945
02-335-8946
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BCPG pcl published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 00:21:03 UTC.
BCPG Public Company Limited is a Thailand-based renewable energy company with solar power, hydropower, wind power and natural gas businesses in Thailand, Japan, Taiwan, Laos, Vietnam, the Philippines and the United States. The Company is focused on production and distribution of electricity from green energy including other related products and services, investment in the alternative energy business and oil terminal and seaport businesses. The Companyâs segments include production and distribution of electricity and oil storage and seaport services. In Thailand, it has a 189.8 MW solar energy production capacity from 21 solar power projects in 12 provinces. The projects consist of solar power plants and governmental agency and agricultural co-operative programs. It expands its green boundary in CLMV countries by investing in two hydro power projects in Xiangkhouang province, Laos, with a total production capacity of 114 MW, namely Nam San 3A and Nam San 3B.