SET : Right for BTS shareholders to receive VGI's share subscription(No XR sign on BTS's securities
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The SET notifies right for BTS's shareholders to receive VGI's share
subscription(No XR sign posted on BTS's securities)
According to BTS Group Holdings Public Company Limited (BTS) has
notified that VGI Global Media Public Company Limited (VGI), which is 96.44%
indirect subsidiary, offered 88,000,000 shares for the Initial Public Offering
(IPO) and TISCO Securities Company Limited as the Financial Advisor. VGI
allocated 25,074,432 of VGI's newly issued common shares to BTS's shareholders,
BTS notified details of allocating VGI's newly issued common shares to BTS's
shareholders as follows:
Subject : Details
Offering securities: VGI's newly issued common shares
(Currently, VGI is a non-listed company.)
Number of offering
shares : 25,074,432 shares
(equivalent 96.44% of total VGI's newly issued
common shares)
Share allotment
ratio : 367.22 - 442.80 BTS's common shares (par value of
Baht 4) will be eligible to purchase 1 VGI's newly
issued common shares (par value of Baht 1). The
fraction of shares from the computation will be
rounded off.
BTS will further inform the exact ratio of the BTS's
number of shares to 1 newly issued shares of VGI
through the Stock Exchange of Thailand's
information disclosure channel no later than 5
September 2012 after knowing the number of
total issued shares of the BTS as at 4 September
2012
Share register
book closing
date : The record date for the rights to receive the VGI's
newly issued common shares is scheduled on 4
September 2012. Also, in accordance with Chapter
225 of Securities and Exchange Act, the closing
date of shareholders register book will be 5
September 2012.
Offering price : Same as IPO price, which will be specified and
notified later
Subscription
and/or
payment date : To be specified and notified later
Approval of share
offering application
by SEC : The share offering application for the Initial Public
Offering (IPO) is during consideration by the
Securities and Exchange Commission (SEC)
Other
Information : BTS's common shareholders have the rights to
subscribe for VGI's newly issued common shares less
than or equal to their rights, but shall not exceed
their rights. The remaining of unsubscribed shares,
VGI will allocate the remaining shares to the public.
(Details of BTS's news dated 10 and 20 August 2012)
In this regard, the SET will not post any sign against BTS's
securities to indicate the rights for VGI share subscription since such offering
does not have any effects on BTS's capital structure.
Nonetheless, the SET would like to inform that investors who buy BTS's
shares from 1 September 2012 onwards are not entitled to the rights to VGI's
share subscription.
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