Premier Marketing to list on Thai bourse on May 27

ข่าวเศรษฐกิจ Monday May 26, 2008 11:44 —PRESS RELEASE LOCAL

Bangkok--26 May--SET Premier Marketing PCL will commence trading on May 27 under the Agro & Food Industry Group, following its successful capital mobilization worth over THB600 million. Premier Marketing will be listed in the Food & Beverages Sector of the Agro & Food Industry Group of The Stock Exchange of Thailand (SET), using "PM" as its trading symbol, SET Executive Vice President Vichate Tantiwanich said. The company has paid-up registered capital of THB 650 million, consisting of 500 million existing common shares and 150 million capital increase shares at a par value of THB 1 each. At its initial public offering (IPO) during May 14-16, PM offered 215 million shares (150 million capital increase shares and 65 million existing common shares) at THB 3.10 per share with 189.25 million shares to the general public, 25 million shares to institutional investors and 0.75 million shares to the company’s patrons. Altogether, it raised over THB 600 million. Advisory Plus Co., Ltd. has acted as its financial advisor. PM has a dividend payout policy of no less than 50% of its net profit after tax. PM’s IPO price at THB3.10 reflects the company’s price/earnings (P/E) ratio of 9.69 based on its performance (excluded extraordinary items) in 2007 with fully diluted earnings per share (EPS) of THB 0.32. Meanwhile, the Food & Beverages sector’s P/E ratio (also as of May 12) was 19. PM distributes consumer and food products in five categories. They are snacks such as Taro and Calbee brands; food and beverages such as Berri fruit juice; confectionary such as Ole candy; lozenges and nutrient foods such as Kirin brand; and personal care and household products such as Cussons and Imperial Leather brands. The company distributes its products nationwide with more than 30,000 distribution outlets including modern trade, traditional trade, and cash van. Its major shareholder is Premier Fission Capital Co., Ltd., which holds 65.38% of the company’s paid-up capital after the IPO. For more information on PM, the company’s prospectus is available at the Securities and Exchange Commission’s website at www.sec.or.th. Its general corporate information is available on www.premier-marketing.co.th, SET’s website at www.set.or.th or Settrade.com at www.settrade.com. For more information, please contact the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 / Saowakhonsathien Tel: 0-2229-2797

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