ข่าวแจ้งตลาดหลักทรัพย์
THE GUIDELINE OF BCP SHARE SELLING
(Translation)
1600 / 014 / 2543
March 20, 2000
The Stock Exchange of Thailand
62, Ratchadapisek Road, Klongtoey
Bangkok 10110
Attention : President of The Stock Exchange of Thailand
Subject : The guideilne of BCP share selling
The State Enterprise Policy Committees meeting held on March 17, 2000
had considered and having a resolution on guideline of
The Bangchak Petroleum Company Limited (BCP) shares selling
as follow.
In order to privatize the company, the capital increase of
maximum 250 million new shares with 39.34 million BCP shares
currently held by the Petroleum Authority of Thailand (PTT)
would be sold simultaneously to publics and general investors,
with prices set at prevailing market rates which may be lower
than the par value. However,PTT will have the option of not
to sell the shares if the price is unfavorable. If so, then
BCP shares currently held by the Finance Ministry and/or
Krung Thai Bank (KTB) would be sold instead. The Companys
Board of Directors, the existing Shareholders,and The Financial
Advisors will consider about the number and price of the shares
to be sold under the above guideline.
Please be informed accordingly.
Yours sincerely
Rabil Pornpatkul
Senior Manager, Corporate Planning Office
Corporate Planning Office
Tel: 301-2842