SET Announcements
The Board's resolutions concerning the issuance of CS and DR
1600/010/2547
January 21, 2004
Subject : The Board of Directors' resolution concerning the issuance and
offering of BCP ordinary shares and depository receipts of
benefits in BCP ordinary shares
Attention : President of The Stock Exchange of Thailand
The Bangchak Petroleum Public Company Limited (BCP) would like to
inform the Board of Directors' resolutions no. 1/2004, held on January 21, 2004,
concerned about the issuance and offering of the Company's ordinary shares and
DRs to Siam DR Company Limited (Siam DR) and investors on January 26 - 28, 2004
as follows:
1. Approve the issuance and offering of 231 million ordinary shares to Siam DR
on behalf of the Special Purpose Vehicle (SPV) at Baht 13 per share, or
approximately Baht 3,000 million, in order to be the underlying securities
to the offering of the depository receipts, which will be offer to the
investors.
2. Approve the issuance and offering of 400,000 units of convertible bonds to
Siam DR on behalf of the Special Purpose Vehicle (SPV) at Baht 10,000 per unit,
or Baht 4,000 million, in order to be the underlying securities to the offering
of the depository receipts, which will be offer to the investors.
3. Approve the allotment of 280 million ordinary shares to support the exercise
of right of the convertible bonds issued and offered.
Please be informed accordingly.
Sincerely yours,
(Watcharapong Saisuk)
Assistant Vice President Corporate Planning Office
Corporate Planning Office
Tel : 0-2335-4583