Notification of Conversion price reset and put option result

Jul 13, 2009

Ref. PD 045/2009

July 13, 2009

President The Stock Exchange of Thailand

Re: Notification of conversion price reset and put option result

With reference to the Bangkok Dusit Medical Services Public Company Limited's convertible Bonds "US$ 124,000,000 3.75% due 2011" ("CBs") issued and offered to investors outside of Thailand in 2006. The CBs are currently listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The Company would like to disclose changing in condition of convertible bond with subject to the convertible bond prospectus

1. Conversion Price Reset
According to the Convertible bond prospectus; Conversion price is Baht 36.30 per share. The terms and conditions of the Bonds contain the provisions which will in effect decrease the Conversion Price (Conversion Price Reset) up to certain percentage. The Conversion Price Reset will be triggered in the event that the average closing prices of the BGH shares traded on the Stock Exchange of Thailand during the period of 30 consecutive trading days before 12 July 2009, is less than the Conversion Price, then the calculated closing price will be the new conversion price but the new conversion price will not be less than 90% of the initial Conversion Price at Baht 36.30 per share as set out above. The company would like to disclose the new Conversion price at Baht 32.67 per share which will be effective from 13 July 2009.

2. Put Option result
According to the Convertible bond prospectus; the bondholders may have the right to exercise put option at the end of the third year of convertible bond (12 July, 2009), the company would like to disclose the put option result. The details are as follows;

Principal Amount Before Put Option
Put option Amount (USD MM)
Outstanding amount (USD MM)
56.00
28.95
27.05

 

Please be informed accordingly.

 

Yours sincerely,

 

___________________________
(Mr. Wallop Adhikomprapa)
President

Attachments

  • 2009-07-13_bgh001E.pdf (Size: 10,603 bytes)