SET Announcements
Exercise of an over-allotment option abd return of shares
05 June 2008
June 5, 2008
Subject: Notification of the exercise of over-allotment option and return
of shares to ExxonMobil International Holdings Inc.
To: President
The Stock Exchange of Thailand
With reference to the Initial Public Offering of shares by Esso
(Thailand) Public
Company Limited (ESSO), 84,583,300 shares were borrowed from ExxonMobil
International
Holdings Inc. (EMIHI) as part of an over-allotment option and included in the
allocation to
retail and institutional investors in Thailand and abroad. Phatra Securities
Public Company
Limited (Phatra), the Over-allotment Agent, undertook to procure the return of
shares to
EMIHI within 30 days from the first trading day of ESSO shares on the Stock
Exchange of
Thailand (SET).
The stabilization period of 30 days ended on June 4, 2008. ESSO has
been notified
that during the period from May 6, 2008 to June 4, 2008, Phatra has purchased
a total of
7,058,600 shares from SET at the average price of Baht 9.995 per share as part
of
stabilization and has exercised the right to purchase newly issued shares from
ESSO in the
amount of 77,524,700 shares at the IPO price (Baht 10 per share). As a result
of such
stabilization and option exercise, a total of 84,583,300 shares will be
returned to EMIHI.
As a result, the shareholding in ESSO by the ExxonMobil Group and the
Ministry of
finance will be as follow:
Number of % of total
shares shares
ExxonMobil Affiliates 2,283,750,000 65.99%
Ministry of Finance 253,750,000 7.33%
Consistent with the exercise of the over-allotment option, ESSO will
register the
increase of paid up capital with the Ministry of Commerce on June 6, 2008.
Please be informed accordingly.
Yours
sincerely,
(Mr. Jim M.
Anthony)