Ref. SAAM 18/2022
11 July 2022
Subject: Report on the Utilization of SAAM Development Public Company Limited's Initial Public Offering Proceeds
To: The President
The Stock Exchange of Thailand
With reference to SAAM Development Public Company Limited ("the Company")'s Initial Public Offering of newly issued ordinary shares totaling 80,000,000 shares with par value of THB 0.50 per share at the offering price of THB 1.80 per share on 24 - 27 December 2018, the Company received THB 132.46 million in aggregate net proceeds.
The Company would like to report the utilization of such proceeds as of 30 June 2022 as set forth below.
Objective | Estimated Use of | Use of Net Proceeds | Remaining Net Proceeds |
Net Proceeds | as at 30 June 2022 | as at 30 June 2022 | |
(THB million) | (THB million) | (THB million) |
To use as working capital for projects under development comprising
- SAAM Oita 01 Biomass
Power Project | - | - | - | |
- | SAAM Oita 02 Biomass | - | - | - |
Power Project | ||||
To co-invest in companies operating in | - | - | - | |
businesses related to renewable | ||||
energy power plant projects | ||||
To repay loans | 13.54 | 13.54 | - | |
To use as working capital for the | 118.92 | 65.18 | 53.74 | |
Company's operations | ||||
Total | 132.46 | 78.72 | 63.74 |
Remark: The Board of Directors' Meeting No. 05/2020 approved the immaterial change in objectives on the utilization of Initial Public Offering proceeds in
accordance with the Notification of the Office of the Securities and Exchange Commission No. SorChor. 63/2561 Re: Change in Objectives of the Utilization of Proceeds under Securities Offering Statement and Draft Prospectus, which was presented to the shareholders' meeting for acknowledgement at the 2021 Annual General Meeting of Shareholders.
Please be informed accordingly.
Yours Sincerely,
(Mr. Podduang Kongkamee)
Chief Executive Officer
SAAM Energy Development Public Company Limited | www.saam.co.th |
Registration Number 0107561000366 | contact@saam.co.th |
Major Tower Thonglor, Room No. 2.2, 10th Floor, | Tel. +66.2.096.1936 |
141 Soi Sukhumvit 63 (Ekamai), Sukhumvit Road, Klongton Nua, Wattana, Bangkok 10110 | Fax. +66.2.096.1937 #111 |
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