EA Shareholders Unanimously Approve Stock Redemption Extension, Signaling Strong Confidence
BANGKOK, THAILAND – July 16, 2025 – Energy Absolute Public Company limited (EA) announced today that all 11 of its shareholders who hold redeemable stocks have voted in favor of extending the redemption period. This overwhelming approval underscores a robust confidence in the company’s financial structure and its strategic direction.
The decision, reached during a recent shareholder meeting, allows EA to systematically adjust its financial framework. Specifically, two additional lending shareholders, EA269A and EA289A, have had their redemption periods extended to five years. This brings the total number of loan share models approved for redemption extension to eleven, reflecting a unified shareholder trust in EA’s long-term stability.
The approved structure provides EA with enhanced cash flow management capabilities.The repayment plan involves an initial 10% annual payment over the frist four years, followed by a 60% payment in the fifth year. This phased approach is complemented by a 0.50% increase in interest rates for shareholders, along with provisions for early repayment shoudl the company issue dividends.
A notable point of discussion was the EA257A model. While the majority of shareholders approved the revised five-year extension, the EA257A model’s original proposal sought a seven-year extension. To address this discrepancy and ensure alignment, a new shareholder meeting has been scheduled for July 18.The agenda will include a proposal to waive the adjustment of the structure, thereby avoiding any potential default under rights 11.1 (W).
EA has emphasized its commitment to fostering cooperation among all shareholder groups, aiming to strike a balance between shareholder needs and the company’s long-term financial health. Transparent dialog and active listening to stakeholders remain paramount to ensuring confidence in EA’s growth trajectory and potential.
The EA Group’s diverse operations span renewable energy,including biodiesel,solar,and wind power. The company is also a leader in energy storage and distribution technologies, encompassing industrial batteries, electric vehicle charging infrastructure, and a growing fleet of commercial electric vehicles such as trucks, buses, and passenger boats.
The Office of the Securities and Exchange Commission (SEC) has advised shareholders of the EA257A model to attend the upcoming meeting on July 18,2025,to receive comprehensive data before making their final decision regarding the redemption extension.
