Thai Oil Public: Notification of Development and Board Resolutions on Record Date for Shareholders Eligible for Allocation Rights on Newly Issued Common Stock and Company’s Reservations on Stock Allocation







Ref.TBK 13/0298

May 31, 2022

Theme:

Notification of development and board resolutions on record date for shareholders who are

Entitlement to allotment rights to newly issued common stock and stock reservations of the Company

allocation

To:

President of the Stock Exchange of Thailand

Reference is made to the resolutions of the 2022 Annual General Meeting of Thai Oil Public Company Limited (the enterprise”) Approving the allotment of not more than 275,120,000 newly issued common shares, consisting of (1) allotment of not more than 239,235,000 newly issued common shares to the public offering (including the issuance and offering for sale of newly issued common shares to the existing shareholders of the Company in proportion to its interest of at least 80 percent) and (2) allotment of no more than 35,885,000 newly issued common shares to satisfy the exercise of the over-allotment option (if any), as previously notified to all investors.

The Company wishes to provide information regarding the development of such a fundraising plan and the award of newly issued common shares as follows:

  1. The Company has filed the application for approval of the offering of newly issued common shares, including the registration statement and prospectus draft, with the Office of the Securities and Exchange Commission (“SEC”) on April 29, 2022. Investors and shareholders of the Company can find the relevant details and information at the SEC’s website: www.sec.or.th.
  2. As a result of the above-mentioned public offering of the company, the offer to sell newly issued ordinary shares to the existing shareholders of the company in proportion to their participation also includes, i.e. the shareholders whose names are valid for shareholders on the record date and who are entitled to allot subscription rights from newly issued ordinary shares to subscribe to the newly issued ordinary shares both in proportion to their participation and oversubscription. The remaining shares after the offering to the Company’s existing shareholders (if any) are intended to be offered to institutional investors and the general public.

…/2

– 2 –

3. The meeting of the Board of Directors of the Company No. 5/2022 of May 31, 2022 decided to approve it June 16, 2022be the record date for shareholders entitled to allotment rights to newly issued common shares.

In this regard, in the next step, the Company will notify all shareholders of the offer price of the newly issued ordinary shares, the subscription ratio and other relevant details including the subscription period.

4. The offering of the Company’s newly issued common shares to its existing shareholders who are resident outside of Thailand is subject to restrictions under foreign securities laws. So that such offering of the newly issued common shares to the shareholders of the Company will not cause or result in the Company being subject to any obligation or obligation under any foreign law for the issue and offering of securities in Thailand in addition to any obligation to be complied with under any relevant law or regulation The Company reserves the right not to offer and allot the newly issued common shares to the Company’s existing shareholders who are resident outside of Thailand, except as follows:

• The Company’s existing shareholders are institutional investors resident in the United States of America, the United Kingdom, Singapore, China, the Netherlands, Norway, Switzerland, the United Arab Emirates, Hong Kong, Germany, Australia, France and;

• The Company’s existing shareholders are individuals and legal entities resident in one of the following countries1) : United Kingdom, Netherlands, Norway, Germany, France and other countries thereafter determined and notified by the Company (if any).

The domicile of the existing Shareholders will be determined by the registered postal addresses on record in the Company’s Share Register as of 16 June 2022.

In this regard, additional information and details regarding the allotment of the Company’s newly issued common shares are contained in the registration statement and prospectus draft, as amended, for which the Company is required to deliver the notice of eligibility to subscribe for newly issued common shares to existing shareholders of the Company to whom corresponding allocation rights to newly issued ordinary shares.

5. The public offering (which includes the issuance referred to above and the offering for sale of newly issued common shares to the Company’s existing shareholders) may be changed, modified, postponed or canceled due to relevant events or other external factors, including but not limited to capital market volatility, economic conditions, pandemic outbreak and war that may cause volatility in the global capital market, including the Thai capital market, or adversely affect the economy. In the event that the company’s offer is reissued

…/3

  1. The offer and allotment of newly issued ordinary shares to shareholders who are natural and legal persons (other than institutional investors) are also subject to the limitation on the maximum number of shareholders, which cannot exceed 149 persons (non-institutional investors included). In this regard, the Company reserves the right, at its sole discretion, to offer and allot the Shares to shareholders resident in such countries.
    However, upon reviewing the most recent shareholder register book, the company first found that there are no shareholders resident in any of these countries with a maximum number greater than 149 people.
    In addition, the Company may adjust details of such reservations should the securities laws of any of these countries change.

– 3 –

Common Shares are changed, modified, postponed or cancelled, the Company shall notify such change, modification, postponement or cancellation of the Record Date to shareholders entitled to allotment rights to newly issued Common Shares accordingly. In connection therewith, the Company’s Board of Directors has passed a resolution to authorize the Chief Executive Officer and President to change, modify, defer or waive this effective date.

Please inform yourself accordingly.

Kind regards,

Thai Oil Public Company Limited

–//–

(Lord Wirat Uanarumit)

Chief Executive Officer and President

Investor Relations Department: Telephone 02 797 2999 ext. 42061 – 42063

THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH OFFER OR SALE MAY BE ILLEGAL. THE OFFERED ORDINARY SHARES HAVE NOT BEEN, AND WILL NOT BE, PURSUANT TO THE US SECURITIES ACT OF 1933 (AS AMENDED) (“THE “US SECURITIES ACT”) OR ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND MAY NOT BE DIRECTLY OR INDIRECTLY INTO THE OFFERED OR SOLD IN THE UNITED STATES UNLESS SUCH COMMON STOCK IS REGISTERED UNDER THE US SECURITIES ACT OR AN EXCEPT FROM THE REGISTRATION REQUIREMENTS APPLIES UNDER THE US SECURITIES ACT.

Disclaimer

Thai oil pc published this content on May 31, 2022 and is solely responsible for the information contained therein. Expelled from Publicityunedited and unmodified May 31, 2022 14:10:04 UTC.

Public now 2022

All the news about THAI OIL PUBLIC COMPANY LIMITED

Sale 2022 473 BC
13 870 m
13 870 m
Net Income 2022 16 405 m
481 m
481 m
Net Debt 2022 179B
5 237 million
5 237 million
P/E 2022 7.33x
Yield 2022 5.18%
capitalization 118B
3 471 million
3 471 million
EV / Sale 2022 0.63x
EV / Sale 2023 0.63x
number of employees 1 201
free float 47.3%

Chart THAI OIL PUBLIC COMPANY LIMITED


Duration :

Period :




Thai Oil Public Company Limited technical analysis chart |  MarketScreener

Technical Analysis Trends THAI OIL PUBLIC COMPANY LIMITED

Short term medium term long term
tendencies bullish bullish bullish



Development of the income statement

To sell

Obtain

Medium consensus EXCEED
Number of Analysts 20
Last closing price 56.50 baht
Average target price THB64.11
Spread / Average Target 13.5%


Comments are closed.