PTT Public Company Limited (PTT) has announced that PTT Oil and Retail Business Public Company Limited (OR) will offer and allocate up to 300,000,000 newly issued ordinary shares to PTT’s shareholders.
The newly issued ordinary shares will be allocated to shareholders who only reside in Thailand, that their registered mailing address(es) in Thailand as recorded in PTT’s share registered book as of the Record Date (5 January 2021).
The pre-emptive ratio is 95.1997 PTT ordinary shares per 1 newly issued ordinary share of OR. In case there are fractions of shares resulting from the calculation, such fractions of shares shall be rounded down. The oversubscription without cap of entitled right is permitted for the Eligible Shareholders of PTT.
PTT will announce OR IPO’s preliminary price range and subscription period after OR’s Registration Statement and Draft of Prospectus become effective.