PTTEP preferential public offering receives overwhelming responses from shareholders and institutional investors
The preferential public offering of new ordinary shares of PTT Exploration and Production Public Company Limited (“PTTEP” or “the Company”) received overwhelming response from eligible existing shareholders during the subscription period from December 3-6, 2012 and attracted considerable demand from institutional investors who participated in the bookbuilding process.
Eligible existing shareholders (excluding PTT Public Company Limited (“PTT”)) as well as institutional investors who participated in the bookbuilding process have together indicated a demand of twice the number of new ordinary shares offered (excluding the number of shares that are entitled to PTT pro-rata to its shareholding). The remaining shares have been allocated to institutional investors from bookbuilding.
PTT, as the largest shareholder, supported PTTEP’s capital increase by subscribing to a total of 424,359,789 new ordinary shares, amounting to approximately THB 60,259 million, to maintain its stake in PTTEP at approximately 65.29%.
The public offering will raise THB 92,300 million, the largest amount ever raised in a public offering in Thailand. The proceeds will be used to repay loans from financial institutions, fund future exploration and production activities including accretive M&A opportunities as well as fund other expenses for general corporate purposes. Following the completion of the offering, all new ordinary shares will be delivered to the subscribers’ securities accounts by December 17, 2012 and commence trading on the Stock Exchange of Thailand from December 19, 2012 onwards.
Mr. Tevin Vongvanich, President and Chief Executive Officer of PTTEP, said “The overwhelming response we received from PTTEP shareholders and the overwhelming interest from institutional investors clearly reflects the high level of confidence they place on PTTEP and our potential to expand our footprint and become a regional exploration and production leader. I would like to thank our shareholders and the institutional investors for participating in the public offering and helping to make it a success.”
“I would also like to stress to all of our shareholders that the allocation process was carried out in a transparent manner, in which the new ordinary shares were allocated to subscribing shareholders pro-rata to their shareholdings both in the first round and second round, carried out by SETTRADE. This is to ensure that the new shares were distributed fairly,” Mr. Tevin added.
Subscribing shareholders can check their allocation results from 15.30 hrs. of December 7, 2012 onwards, as per the details below:
• Personal information necessary for subscribing shareholders to check for allocation results:
1) 13-digit identification number or
2) Shareholders’ account number or
3) Subscription form number
• Channels through which subscribing shareholders can check allocation results:
1)
www.settrade.com (can be accessed via PTTEP’s website
www.pttep.com or
www.thaipublicoffering.com)
2) PTTEP call center Tel. 0-2537-4000 (during office hours)
3) The Selling Agents
Head office and branches nationwide of Bangkok Bank (except micro branches) Tel. 1333 or
www.bangkokbank.com Head office and branches nationwide of Krung Thai Bank Tel. 1551 or
www.ktb.co.th Head office and branches nationwide of Kasikorn Bank Tel. 0-2888-8888 or
www.kasikornbank.com Head office and branches nationwide of Siam Commercial Bank Tel. 0-2777-7777 press 0 then 7 or
www.scb.co.th4) The Underwriters
Finansa Securities Tel. 0-2697-3800
Tisco Securities Tel. 0-2633-6999
Phatra Securities Tel. 0-2305-9000
Subscribers who do not get allotment for all or part of the new ordinary shares subscribed for will be refunded within December 20, 2012 (14 days after the last day of the subscription period).
Bank of America Merrill Lynch, Deutsche Bank, Finansa Securities, Goldman Sachs, JP Morgan, Phatra Securities, Tisco Securities, and UBS acted as Joint Bookrunners for this transaction.
-End-
Corporate Communication and Reputation Management
PTT Exploration and Production Public Company Limited
Bussaban Cheencharoen Tel. +66 (0) 2537 4607 E-mail:
bussaban@pttep.com Tongchit Pongorapin Tel. +66 (0) 2537 4587 E-mail:
tongchitp@pttep.com Vanduan Vijintanasarn Tel. +66 (0) 2537 5418 E-mail:
vanduanv@pttep.comFax. +66 (0) 2 537 4982
Disclaimers:
The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The Company does not intend to register any portion of the proposed offering in the United States or to conduct a public offering in the United States. Any public offering of securities to be made in the United States requires a prospectus that will contain detailed information about the Company and its management, as well as financial statements. Copies of this document are not being, and should not be, distributed in or sent into the United States.
It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan and Australia. The information contained herein shall not constitute an offer to sell securities in Canada, Japan and Australia.
