Thai bourse to list Global Power Synergy on May 18

ข่าวหุ้น-การเงิน Friday May 15, 2015 14:45 —PRESS RELEASE LOCAL

Bangkok--15 May--SET The Stock Exchange of Thailand (SET) will list Global Power Synergy pcl, a power flagship unit of PTT Group, on May 18, under the ticker symbol "GPSC". The company has a market capitalization at its initial public offering (IPO) of THB 40.45 billion (approx. USD 1.23 billion). SET Executive Vice President Santi Kiranand said that GPSC, a PTT Group’s Power Flagship unit would list on SET in the Resources industry, Energy & Utilities sector. With core business in generating and supplying electricity, steam and utilities, its customers included Electricity Generating Authority of Thailand, Provincial Electricity Authority and Metropolitan Electricity Authority, as well as other industrial users. In addition, the company has also invested in power generation and related businesses both domestic and abroad, such as chilled water and industrial water. The total generating capacity of its commercially operated power plant was 1,315 megawatts, while a new 536 megawatts power plant was under construction. GPSC has a paid-up registered capital of THB 14.98 billion, consisting of 1,123.73 million existing common shares and 374.58 million newly issued shares, with a par value of THB 10.00 each. It offered 8.72 million newly issued shares to directors, executives and employees during May 8 and May 11 at THB 18.00 each and offered the remaining shares to the general public via IPO during May 8 and May 11-12 at THB 27.00 each, for a total of THB 10.04 billion. Finansa Securities Co., Ltd., KT Zmico Securities Co., Ltd. and TISCO Securities Co., Ltd. were its financial advisors and underwriters. GPSC President Noppadol Pinsupa said that this listing would enhance the company's financial capabilities. The fund raised would be for domestic and overseas business expansion and working capital. This was a GSPC’s significant step in operating power business, adding value and promoting conglomerate diversification of PTT Group. GPSC aimed to be one of Asian energy business leaders, while respecting shareholders’ and stakeholders’ rights and benefits. GPSC's three major shareholders after IPO are PTT Group (75 percent: PTT Global Chemical pcl at 22.73 percent, PTT pcl at 22.57 percent and Thai Oil Group at 29.70 percent), Vichai Srivaddhanaprabha (0.53 percent) and Chomkamol Poompanmoung (0.47 percent). The IPO price was set by a book building process, equivalent to price per earnings ratio (P/E ratio) of 20.08 times. GPSC's P/E ratio was calculated by using the company's net profit in the past four quarters (Q2 2014 – Q1 2015) divided by fully diluted shares, representing earnings per share of THB 1.34. GPSC's dividend policy is to pay no less than 30 percent of net profits after taxes and reserves. For more information on GPSC, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.gpscgroup.com, as well as www.set.or.th . SET “Towards the 5th Decade of Sustainable Wealth for Thais”

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