2553.07.28
Attach 3 Convertible Debentures
Attachment 3
(c)Convertible Debentures
| Issuer | Thai Union Frozen Products PCL |
| Subscriber | Standard Chartered Private Equity Limited (SCPEL) |
| Issue size | EUR 60 m. (equivalent to Baht 2,400 m. @ 40.00 Baht/EUR) |
| Maturity | 4 yrs from Issue Date |
| Interest rate | 5% p.a. cash coupon annually, with an overall yield of 8% p.a. unless converted into common shares |
| Exercise period | At anytime during the period after the first year until Maturity |
| Conversion price | 46 Baht/share |
| No. of TUF shares | 52.174 million shares, subject to Anti-dilution |
| Anti-dilution | In the event of changes to the capital structure of TUF i.e.capital increase, or dividend pay-out greater than normal, conversion price will be adjusted |