15 November 2004
Stabilization of "MCOT"
Stabilization of "MCOT"
MCOT Public Company Limited (MCOT)'s IPO included
an over-allotment of 18,000,000 shares, which were borrowed from
Ministry of finance. The shares were allocated to investors through
an over-allotment agent, Phatra Securities Company Limited,
which seeks to procure them through the SET and return to the lender
under the following conditions:
Stabilization Period : 17 November - 13 December 2004
Price Conditions: The purchasing price of the
over-allotment must not be higher than any of the following:
- the offering price (22 baht) or
- the highest bidding price or
- the last trading price at the time,
whichever is lower.
Sign Posting : The SET will post an "ST" sign on the
security to inform investors of the stock's stabilization
from 17 November to 13 December 2004.
The procurement period may end before 13 December 2004
if the over-allotment agent can procure all of the
over-allotted shares and/or exercise a greenshoe option
to subscribe for shares from MCOT Public Company Limited.