Villa Kunalai Public Company Limited or KUN has chosen an auspicious day to launch KUN-W1 for trading today, signaling plans to expand the development of the "Villa Kunalai" empire in the future, backed by sufficient capital for growth over the next two years following the expiration of the conversion rights.

Mrs. Prawirat Tevaaksorn, Chief Executive Officer of Villa Kunalai Public Company Limited or KUN, revealed that the first warrant to purchase ordinary shares of the company, or KUN-W1, consists of 120 million units with a par value of 0.50 baht per share, will be traded on the MAI stock exchange today (November 5, 2021). This allocation is for existing shareholders who subscribed to the convertible debentures in proportion to their shareholding (Rights Offering) at a ratio of 1 convertible debenture unit to 1,000 units of the warrant (KUN-W1).

The KUN-W1 has a lifespan of 2 years and 6 months from the date of issuance and offering. The exercise ratio is 1 warrant to 1 ordinary share at a price of 2.80 baht, which can be exercised every 6 months after the issuance date of the KUN-W1 warrant, specifically on April 27, 2022, October 27, 2022, April 27, 2023, and October 27, 2023, with the final conversion exercise on April 27, 2024.

However, the issuance of KUN-W1 will positively impact the company in the future, as it will provide additional capital to support growth throughout the duration of the warrant's 2-year and 6-month lifespan.

Therefore, if shareholders fully exercise their rights, the company is expected to receive approximately 336 million baht, which will enhance financial liquidity and stability, supporting the expansion and development of new projects within the "Villa Kunalai" empire in the future. This will also reduce the burden of interest from reliance on loans from financial institutions and maintain long-term benefits for shareholders.