SET Announcements
The mandatory conversion of BCP-DR1
1600/020/2004
February 9, 2004
Subject : The mandatory conversion of BCP-DR1
Attention : President of The Stock Exchange of Thailand
As the investors have asked for the details of the mandatory conversion,
The Bangchak Petroleum Plc. would like to report the mandatory conversion
condition of BCP-DR1 on behalf of Siam DR Co., Ltd., for the better understanding
of the investors as follow :
After 2 years starting from the listed date of BCP-DR1 (4th February 2006),
if the price of BCP-DR1 is higher than 160% of offering price for 15 consecutive
trading days (160% of 13 Baht is 20.80 Baht), all BCP-DR1 will be automatically
converted into BCP's common shares
Therefore, if the price of BCP-DR1 before 4th February 2006 is higher
than 20.80 Baht per DR, the Company will not exercise the mandatory conversion,
so the investors still receive the capital protected from the Ministry of Finance
as usual.
Please be informed accordingly.
Sincerely yours,
(Watcharapong Saisuk)
Assistant Vice President Corporate Planning Office
Corporate Planning Office
Tel : 0-2335-4583