กรุงเทพฯ--3 มิ.ย.--SET
The Stock Exchange of Thailand (SET) will temporarily amend the rules regarding listed companies whose free float does not meet the bourse’s required minimums. This revision is to help relieve listed firms’ expenses and give them more time to adjust, revealed SET Chief Regulatory Officer Sakkarin Ruamrangsri.
The temporary rules mean that firms whose free floats do not meet the minimum level required by SET will be exempted from the additional fees they would otherwise have to pay for two years (2009-2010). In addition, SET will require them to report their progress in solving their free float problems only once a year (down from twice a year). Previously, SET required listed firms which did not reach free float requirements to pay an additional fee from the second year of being in violation, and required them to report their progress in solving their free float problems every six months.
If two years pass and listed firms still have not been able to resolve their free float problems, SET will order them to pay the additional fee, counting from 2008 (not from 2009 or 2010)
The amendments have been approved by SET’s Boards of Governors (BoG) and the Securities and Exchange Commission (SEC) and will apply to fee payments for 2009, which will be paid in July 2009 onwards.
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792