Bangkok--20 Oct--Ogilvy Public Relations
Bangkok Airways Public Company Limited (the Company) today announced the final offering price of its Initial Public Offering shares is at THB 25 per share, following a bookbuilding process with institutional investors. The final offering price is at the mid of the initial offering price range of THB 23 – 27. The IPO of 520 million ordinary shares has raised approximately THB 13 billion. It will be the largest listing on the Stock Exchange of Thailand in 2014 to date.
The retail subscription, which was open from October 14 -17, 2014, received strong interest from retail investors. The shares were oversubscribed by more than 1.5 times.
Retail investors can check the allocation results at www.settrade.com and the official websites of the following underwriters and Selling Agents beginning at 12:00 hrs. on October 22, 2014: Bualuang Securities Public Company Limited, DBS Vickers Securities (Thailand) Company Limited, Asia Plus Securities Public Company Limited, CIMB Securities (Thailand) Company Limited, Kasikorn Securities Public Company Limited, KT Zmico Securities Company Limited, SCB Securities Company Limited, Thanachart Securities Public Company Limited, Bangkok Bank Public Company Limited, Krungthai Bank Public Company Limited, Siam Commercial Bank Public Company Limited, Kasikorn Bank Public Company Limited and CIMB Thai Bank Public Company Limited. Retail investors who are not allocated all or part of their subscription will receive a refund within 14 days of the last day of the subscription period.
Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited, said “the success of the IPO shows that both international and Thai investors are confident of the Company’s growth potential within the integrated aviation business. I would like to thank all investors for your support and for being a part of our journey towards a secure and sustainable future.”
The proceeds raised from the IPO will be used to increase Bangkok Airways’ fleet size and/or to replace existing aircraft, to purchase spare parts and provisions in relation to fleet adjustment in accordance with industrial standard, for construction of a hangar at Suvarnabhumi International Airport,for improvements at the Samui International Airport and for working capital for the Company’s general business operations.
The Company expects the shares will commence trading in the Stock Exchange of Thailand on November 3rd, 2014 under the ticker symbol “BA”.
For more information about the IPO, please visit www.bangkokair.com/ir or contact Bualuang Securities Plc. at 02 618 1000, 02 231 3777 or contact Bangkok Airways Pcl.’s Investor Relations department at 02 265 5829, 02 265 5709, 02 265 5893, 02 265 8731.