Mittistak – Mr. Company Secretary Italian-Thai Public Company Limited Development or ITT Company is now conducting business as usual. Also interest can be paid to the bondholders as per the specified time frame
In this regard, a meeting of bondholders has been scheduled on Wednesday, January 17, 2024, where all the bonds of the company will be held together. But quorum and voting shall be collected separately in form of e-meeting with following 2 main agendas:
Consider facilitating the maintenance of debt to equity ratio or D/E as specified in Agenda 1 Rights Regulations. Effective from the end of FY '66 to the end of FY '25 and allowing bond issuers to negotiate. or enter into any agreement with lenders to restructure loans which is not considered an event of default under the franchise requirements.
Agenda 2: Allow extension of bond redemption date by 2 more years and increase interest rate on bonds by 0.25% per annum for one year from original bond redemption date. and increase the rate of interest by 0.50% per annum from the day following the completion of 1 year from the maturity date of the old bonds to the maturity date of the new bonds.
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