# SEC encourages Areeya Property bondholders to exercise their rights at the upcoming bondholders’ meeting (SEC News)

- Link: https://www.thailand-business-news.com/markets/178349-sec-encourages-areeya-property-bondholders-to-exercise-their-rights-at-the-upcoming-bondholders-meeting-sec-news
- Published: 2024-11-28T02:51:40+07:00
- Author: SiamNews PR

**SEC urges bondholders to review information, exercise rights at upcoming meeting
on 2 December. Areeya Property rescheduled meeting for 5 tranches due to lack of
quorum, addressing interest payment issues.**

---

Bangkok, 28 November 2024 – The Securities and Exchange Commission (SEC) is encouraging
the bondholders of five tranches of Areeya Property Public Company Limited bonds
to thoroughly review all available information, exercise their rights at the upcoming
bondholders’ meeting, and reach out to the bond issuer or the bondholders’ representative
to obtain comprehensive and sufficient information for making a voting decision 
on 2 December 2024. This meeting has been rescheduled from the previous session 
due to a lack of quorum. 

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Areeya Property Public Company Limited (A) convened an electronic bondholders’ meeting
on 22 November 2024 at 13.00 hours to address matters related to 10 tranches of 
its bonds. However, it was determined that for five of the 10 tranches (i.e., A265A,
A269A, A271A, A271B and A275A), the number of bondholders in attendance failed to
meet the quorum requirements as stipulated in the bond terms and conditions. Therefore,
the company has scheduled another e-meeting for these five tranches, to be held 
on 2 December 2024 at 13.00 hours. The meeting will address the following issues:

  (1) A partial payment of interest at the rate of 3.0 percent per year and a suspension
of the payment of the remaining interest for one year and six months, starting from
the date of the Bondholders’ Meeting No. 2/2024 on 21 October 2024;    

  (2) An inclusion of the deferred interest in the calculation for payment on the
redemption date or the date of early bond redemption in full (as the case may be);

        (3) During the interest deferral period, the company would pay an additional
interest of 0.50 percent per year to be included in the calculation for payment 
on the redemption date or the date of early bond redemption in full (as the case
may be);    

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        (4) A partial payment of interest and the deferral of interest to take effect
retroactively from the date of the Bondholders’ Meeting No. 2/2024 on 21 October
2024. 

**Source** : [SEC encourages Areeya Property bondholders to exercise their rights at the upcoming bondholders’ meeting](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11373&rand=113627)