Bangkok--20 Nov--Ogilvy Public Relations
PTT Exploration and Production Public Company Limited (PTTEP) will proceed with its capital increase plan, following its public filing with the Securities and Exchange Commission of Thailand on November 2, 2012. The subscription period for Eligible Shareholders will start on December 3, 2012 and end at noon on December 6, 2012. PTTEP will announce the final offering price, which will be determined through a bookbuilding process, along with the entitlement ratio, on the morning of November 30, 2012.
Final number of shares, offering price and entitlement ratio:
Eligible Shareholders may check the final offering price and the entitlement ratio via a number of sources, including (1) PTTEP’s news release to the Stock Exchange of Thailand; (2) PTTEP’s website (www.pttep.com); (3) Underwriters which are Finansa Securities, Phatra Securities and Tisco Securities; (4) Selling Agents which are Bangkok Bank (BBL) (except micro branches), Krung Thai Bank (KTB), Kasikorn Bank (KBANK) and Siam Commercial Bank (SCB) at their head offices and branches nationwide; (5) websites and call centers of the Selling Agents (BBL at www.bangkokbank.com or Tel. 1333, KTB at www.ktb.co.th or Tel. 1551, KBANK at www.kasikornbank.com or Tel. 0-2888-888 and SCB at www.scb.co.th or Tel. 0-2777-7777) and (6) various newspapers, radio and television announcements.
Number of shares entitled to Eligible Shareholders:
PTTEP shareholders whose names appear on the share register book as of November 12, 2012 (Record Date) are eligible to subscribe. Such Eligible Shareholders can calculate the number of new ordinary shares they are entitled to from (1) the number of shares held as of the Record Date (which is specified in PTTEP’s offering entitlement letter sent to shareholders on November 16, 2012) and (2) the entitlement ratio. Any fraction of a share from the calculation will be rounded down. Eligible Shareholders can subscribe according to their entitlement or beyond their entitlement.
Subscription period for Eligible Shareholders:
Eligible Shareholders can subscribe for PTTEP’s newly issued ordinary shares or request for copies of the prospectus, investor presentation, subscription form as well as suitability test form at the Selling Agents’ head offices and branches nationwide. Subscription period for the newly issued ordinary shares will be from December 3 to December 6, 2012.
- From December 3 to December 5, 2012, Eligible Shareholders can subscribe during the business hours of Selling Agents’ branches (on December 5, 2012, subscription can take place only at Selling Agents’ branches that are open for business).
- On December 6, 2012, Eligible Shareholders can subscribe from the opening hours of the Selling Agent branches until 12.00pm (noon).
Required documents for subscription:
To subscribe, Eligible Shareholders who are Thai individuals are required to fill in the subscription form and suitability test form, provide a certified true copy of an identification document such as an ID card and, if available, provide PTTEP’s offering entitlement letter which was sent to the shareholders on November 16, 2012. Shareholders can find further details of the documents required, methods of payment and other relevant information in the Prospectus.
Allocation process:
To ensure transparency and fairness for all shareholders, the allocation process will provide equal opportunities to all Eligible Shareholders. Allocation will be made in three steps as follows:
In the 1st step, new shares will be allocated to subscribing Eligible Shareholders pro-rata to their shareholding. As such, Eligible Shareholders who fully subscribe to their entitlement will maintain their percentage shareholding in PTTEP after the completion of the offering.
In the 2nd step, any remaining shares from the first step will be allocated to Eligible Shareholders who subscribe over their entitlement for one additional round, pro-rata to their shareholding.
In the 3rd step, any remaining shares from the second step will be allocated to institutional investors who participate in the bookbuilding process.
Allocation result announcement:
The allocation result will be announced at the earliest on December 7, 2012. Subscribers can confirm their allocation result through the following channels (1) www.settrade.com; (2) head offices and branches nationwide of the Selling Agents or contact Bualuang Phone 1333, KTB Call Center 1551, K-Contact Center 0-2888-8888 or SCB Call Center 0-2777-7777 or at www.bangkokbank.com, www.ktb.co.th, www.kasikornbank.com and www.scb.co.th ; and (3) www.pttep.com.
Mr. Tevin Vongvanich, President and Chief Executive Officer of PTTEP, said “The capital increase is in line with PTTEP’s growth strategy. PTT has pledged its full support of the public offering by expressing its intention to subscribe to its full entitlement to maintain its percentage shareholding. However, to ensure utmost transparency, PTT will not subscribe beyond its entitlement or take part in the bookbuilding process. The fund we raise from this capital increase will further enhance PTTEP’s financial strength and propel our growth by allowing us to expand our operations both in Thailand and abroad, from our current 44 projects worldwide. We are committed to achieving our goals of sustainable growth and securing Thailand’s energy security.”