Bangkok--Oct 14--SET
SETTRADE.Com explained clearly the process of random allocation of Thai Oil Pcl.’s shares at the process’ inauguration ceremony held at the SET Building amidst numerous witnesses from the Thai capital market.
The SETTRADE’s CEO, Mrs. Chanisa Chutipat, disclosed information about the random selection process of 84,534 Thai Oil Pcl. (TOP)’s share subscription forms. “SETTRADE will conduct the random selection using our computerized system and the database received from Bankthai Pcl. and Kasikornbank Pcl. SETTRADE and TOP’s underwriters will jointly examine the (a) numbers of the subscription forms and (b) the subscribed shares, then all data will be entered into the system for computerized random selection. SETTRADE has developed this computer system and is confident that it will help make the random selection fair and transparent.
“After all share subscription data has been entered, the system will randomly select the data twice, as per the requirements of the underwriters. In the first round, the system will randomly select the subscription forms in order to allocate TOP’s 60 million shares. Then, in the second round, the system will slot 1,000 shares to each of remaining subscription forms.”
First-round selection for allocation of 60 million shares:
1. Random selection
The computer system will randomly assign numbers to the subscription forms by:
Randomly assigning a number from 1 — 999,999 to every subscription form. Each of the 84,534 share subscription forms will thus have a different assigned number, which will not be necessarily ordinal. Thus, less than one million numbers will be assigned.
2. Share allocation for the share subscription forms with assigned numbers:
The system will sort the subscription forms in ascending order.
The system will sum up the number of subscribed shares in the ascending order of the subscription forms until the 60 million shares have been fully subscribed.
Therefore the successful subscription forms will be those with ordinal numbers having subscriptions totaling 60 million shares
Second-round of share allocations for the remaining share subscription forms (from the 1st round). The system will allocate 1,000 shares to each of the remaining subscription forms, ranked by their ordinal numbers.
Then, SETTRADE will post the share allocation results on www.settrade.com. TOP’s share subscribers can check whether their subscriptions have been successful by just entering either (a) the numbers on their subscription forms or (b) their ID card numbers on the website. They can also call TOP’s public relations center at ext. 1142, Kasikornbank Pcl. at 0 2888-8888, or Thai Military Bank Pcl. at 0 2299-1205, 1210, and 2340. End.
--InfoQuest (NT)--