Bangkok--Nov 16--SET
MCOT Pcl., the second state-owned enterprise to list on the bourse this year, will be added to the Services Group after having presented its initial public offering on November 4 and being 13-times over-subscribed.
SET Executive Vice President Ms. Sopawadee Lertmanaschai disclosed that the SET Board of Governors has approved the listing on the bourse of MCOT Public Co., Ltd. in the Services Group, Entertainment and Recreation Sector. MCOT Pcl. is the 2nd incorporated state-owned enterprise to list on the Exchange. The listed securities of MCOT Pcl. will commence trading November 17, 2004 onwards, using ‘MCOT’ as their trading symbol.
MCOT has THB 3,435,496,050 in paid-up capital. Its listed shares are comprised of 600 mln. existing shares and 87,099,210 shares in capital increase, each with a par value of THB5.00. The company sold 61.9 mln. shares (39.7% of the total 156.1 mln. shares offered in initial public offering) to the general public, 41.1 mln. shares (26.3%) to institutional investors and 36 mln. shares (23.1%) to foreign investors at THB22.00 per share on November 4. Another 17.1 mln. shares (11%) were also offered to MCOT’s executives and employees at THB5.00 a share. Phatra Securities, MCOT’s financial advisor, also allotted the over-allocated 18 mln. shares (Green shoe option) to the public on the random allocation date.
In allocating the 61.9 mln. share portion to the public, MCOT chose the SETTRADE.Com’s system to conduct the random allocation using the progressive subscription segmentation on November 8. MCOT chose SETTRADE’s computer system and share allocation process because the company trusted that it would be both efficient and transparent in its operation, guaranteeing that the public offering would be equitable.
MCOT operates in 4 business areas: 1) The television business: it owns a television channel, Modernine TV, focusing on news and serious contents, 2) The radio business: it owns 62 network radio stations throughout Thailand, 3) A news agency (the Thai News Agency, or TNA) which offers news services, and functions as the Company’s major program producer. TNA acts as MCOT’s center for production, collection, storing, analyses, and reporting for its TV and radio stations as well as other electronic media, and 4) A joint operation producing and airing programs with Thai TV Channel 3 and a pay TV service with UBC Group.
As for its dividend payment policy, MCOT will pay out no less than 40% of its net profits after taxes.
The Ministry of Finance holds the majority stake in MCOT, with at least 70% of its paid-up capital after the IPO. The company’s executives and employees collectively hold 2.49%.
For more information about MCOT Pcl.,
please browse the company’s website,
www.mcot.net, SET’s website,
www.set.or.th, or SETTRADE.Com’s website,
www.settrade.com
For more information,
please contact the Media Relations Unit,
Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037/
Nattaporn Boonprapa Tel: 0-2229-2049 End.