THAI UNION FEEDMILL No.: TFM-CS 07/2022
29 July 2022
Subject: Report of the utilization of Capital Increase from the initial public offering (IPO)
To: President
The Stock Exchange of Thailand
Regarding Thai Union Feedmill Public Company Limited ("the Company") has offered its ordinary shares from the capital increase, in the number of 90,000,000 shares, through its initial public offering during 19-21 October 2021, at the price of Baht 13.50 per share and the Company received proceeds from the offering of such capital increase shares in the total amount of Baht 1,215.00 million. After deducting expenses incurred from this offering, the remaining proceeds are in the amount of approximately Baht 1,177.40 million.
The Company would like to report the uses of proceeds from capital increase as of 30 June 2022 as follows:
Unit: Baht Million
Proceeds | Remaining | Actual Proceeds | Remaining | ||
Use of Proceeds | Utilization | Unutilized | Utilization during | Unutilized | |
Objective | (Estimated | Amount as of 31 | 1 January - 30 | Amount as of 30 | |
Amount) | December 2021 | June 2022 | June 2022 | ||
1. | Expansion of aquaculture | Not exceeding | 250.00 | - | 250.00 |
feed production and | 250.00 | ||||
distribution business in | |||||
Indonesia | |||||
2. | Repayment of loans to | 250.00 - 350.00 | - | - | - |
financial institutions | |||||
3. | Used as working capital | 577.40 - 677.40 | 77.40 | 25.00 | 52.40 |
Total | 1,177.40 | 327.40 | 25.00 | 302.40 |
Please be informed accordingly.
Sincerely yours, -Signed-
(Mr. Bunluesak Sorajjakit) Chief Executive Officer
Thai Union Feedmill Public Company Limited
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Thai Union Feedmill 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 01:53:05 UTC.
