International Research Public : Notification of conversion price calculation of the convertible debentures of International Re-search Corporation Public Company Limited
August 01, 2022 at 07:35 am EDT
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บมจ.เลขที่ 0107546000024
Ref. No. EM-IRCP67-65
August 1, 2022
Subject: Notification of conversion price calculation of the convertible debentures of International Research Corporation Public Company Limited
To: Director and Manager
The Stock Exchange of Thailand
According to International Research Corporation Public Company Limited ( " Company" ) has operated to offer and issue the newly convertible debentures pursuant to the Convertible Debentures Agreement for " International Research Corporation Public Company Limited long- term convertible debentures No. 5/ 2022 due 2025" to Advance Opportunities Fund I ( " AO Fund I" ) and " International Research Corporation Public Company Limited long-term convertible debentures No. 7/2022 due 2025" to Advance Opportunities Fund ( " AO Fund" ) are collectively referred to as " the convertible debenture holders" , then the convertible debenture holders notified the conversion of convertible debenture on August 1, 2022 as follows;
AO Fund I notified the conversion of "International Research Corporation Public Company Limited long-term convertible debentures No. 5/2022 due 2025" of 3,000 shares (Baht 3 million) to 3,300,330 ordinary shares.
AO Fund notified the conversion of " International Research Corporation Public Company Limited long-term convertible debentures No. 7/2022 due 2025" of 5,000 shares (Baht 5 million) to 5,500,550 ordinary shares.
The conversion price for AO Fund and AO Fund I of Baht 0. 909 per share which is a convertible price of not less than 90 percent of the market price, which is calculated from the weighted average price of the Company's shares in the SET for the past 7 business days.
The weighted average price of the Company's shares for the past 7 business days is as follows:
Date
Number of Shares
Total Value ('000 Baht)
27/7/2022
3,969,320
3,969.78
26/7/2022
2,015,600
2,029.86
25/7/2022
4,234,369
4,260.45
22/7/2022
5,354,990
5,332.89
21/7/2022
11,475,656
11,725.61
20/7/2022
3,711,700
3,718.02
19/7/2022
7,851,773
7,933.93
Total
38,613,408
38,970.54
Remark: Information from www.set.or.th
Weighted average market price (Baht/Share)
=
Trading Value
Trading Volume
=
38,970,540
38,613,408
=
1.01
90% of the weighted average market price (Baht/Share)
Market price will be calculated by specifying 2 decimal places. If the 3rd decimal place is 5 or more, it will be
rounded up.
The conversion price of the Convertible Debentures will be calculated by specifying 3 decimal places. If the 4th
decimal place is 5 or more, it will be rounded up.
The convertible price as of August 1, 2022 of Baht 0. 909 per share, which is not lower than 90 percent of the said weighted average price. Therefore, it does not meet the conditions that prohibit the sale of shares within 1 year from the date of receiving the convertible securities (Silent Period) pursuant to Notification of the Stock Exchange of Thailand, Re : Rules, Conditions and Procedures Governing the Listing of Ordinary or Preferred Shares Issued for Capital Increase B. E. 2558 (2015) , Convertible debenture holders who are AO Fund 1 will receive ordinary shares on August 1, 2022 of 3,300,330 shares and AO Fund will receive ordinary shares on August 1, 2022 of 5,500,550 shares and the Company's remaining ordinary shares being reserved for the next convertible debentures of 30,871,768 shares.
International Research Corporation pcl published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 11:34:08 UTC.
International Research Corporation Public Company Limited is engaged in distribution and rendering system development services for information technology systems, network information systems, and telecommunication information systems. Its segments include Project business and Non-project business. Its Telecommunication business conducts business as a consultant, design, supply, device installation, project management, and maintenance of modern integrated telecommunications systems. Its enterprise information technology business provides services, such as enterprise resource planning, data warehousing and business intelligence, implementation services, and custom application development. Its radio and television broadcasting business unit consultant, design, supply, device installation, project management, and maintenance of modern integrated radio and television broadcasting systems. It is also a licensed and authorized dealer to produce Microsoft original equipment manufacturer (OEM).
International Research Public : Notification of conversion price calculation of the convertible debentures of International Re-search Corporation Public Company Limited
INTERNATIONAL RESEARCH CORPORATION 
