Business News

Banpu Power Announces Final Price for New Ordinary Shares Subscription

14/10/2016

Banpu Power Public Company Limited (Banpu Power or BPP), a subsidiary of Banpu Public Company Limited (Banpu), one of Asia’s leading energy companies, announces the final price for newly issued ordinary shares subscription for initial public offering during the period of 18-20 October, 2016 to be at 21 Baht per share.
 
Ms. Somruedee Chaimongkol, Chief Executive Officer of Banpu revealed, “Following the Banpu announcement on 26 September, 2016 to inform the Stock Exchange of Thailand about the preliminary price range of 18-21 Baht per share for Banpu Power newly issued ordinary shares, Banpu Power has determined that the final price of its newly issued ordinary shares at 21 Baht per share.”
 
Banpu Power has set the subscription and payment periods for the newly issued ordinary shares for the public and institutional investors (including foreign investors and cornerstone investors subscribing through initial purchasers) during 18 to 20 October 2016 - a total of three business days. Investors may subscribe for the new ordinary shares between 9.00 to 16.00 hrs. at Kasikorn Securities Public Company Limited, Thanachart Securities Public Company Limited, Bualuang Securities Public Company Limited, and other underwriters as stated in the prospectus.
 
Mr. Voravudhi Linananda, Chief Executive Officer of Banpu Power said, “As one of Asia’s leading power generation companies, operating both conventional and renewable power assets across the region for nearly two decades, Banpu Power is confident that its rich experience in regional business operations, coupled with a stable financial status, solid ties with Banpu, and strong partnerships with industrial leaders and local governments will support Banpu Power’s position as a sustainable power industry leader at the regional level and additionally create long-term value for shareholders and stakeholders.”

Interested investors can learn more about Banpu Power, the subscription, the payment and the shares allocation, including request for the prospectus and subscription form of the newly issued ordinary shares of Banpu Power, at offices and branches of the lead underwriters, the co-underwriters and the underwriters.  In addition, investors may download the prospectus from the website of the Office of the Thai Securities and Exchange Commission at www.sec.or.th, Banpu at www.banpu.com and Banpu Power at www.banpupower.com, or contact Investor Relations at 02-007-6000 to request more information before making any investment decisions.