PTG and its subsidiaries operate via 397 company-owned/company-operated (COCO) “PT” petrol stations and 177 dealer-owned/dealer-operated (DODO) stations. It is also involved in related businesses to facilitate its clientele, including selling fuel wholesale for industrial operators, engages in logistics and fuel transportation, and operates convenience stores within PT petrol stations.
PTG has a paid-up registered capital of THB 1.67 billion (approx. USD 57.58 million), consisting of 1,250 million existing common shares and 420 million newly-issued shares, with a par value of THB 1.00 each. The company offered 386.60 million shares to the general public via IPO and 33.40 million shares to its executives and employees on May 17 and May 20 - 22, at THB 3.90 per share, for a total of THB 1.63 billion (approx. USD 56.48 million). Sage Capital Limited is its financial advisor and Capital Nomura Securities pcl is its underwriter.
PTG Chief Executive Officer Pitak Ratchakitprakarn said: “The funds raised will enable expansion of petrol stations, focusing on COCO and ‘full-service’ stations, where Pan Thai coffee shops and MaxMart convenience stores can be found. Moreover, PTG will invest in buying more oil trucks to boost its transportation efficiency and better manage its transportation cost.”
PTG’s top three shareholders after the IPO are the Ratchakitprakarn family 32.85%, Mr. Sakanan Wijitthanarak 20.07% and the Vachirasakpanich family 9.34%. The IPO price was set at THB 3.90 per share, with a price to earnings ratio of 19.12 times, calculated using earnings per share at THB 0.20, with net profits based on its four-quarter performance from the second quarter of 2012 to the first quarter of 2013, and the 1.67 million fully-diluted shares after its IPO. The company's dividend policy is to pay no less than 30 percent of net profit after corporate taxes and reserves.
For more information on PTG, please see the company's prospectus at the Securities and Exchange Commission’s website www.sec.or.th and general information on the company’s website at www.ptgenergy.co.th and www.set.or.th