Thai bourse to list Plan B Media on February 17

Stocks and Financial Services Press Releases Monday February 16, 2015 18:17
Bangkok--16 Feb--SET

The Stock Exchange of Thailand (SET) will list Plan B Media pcl, an out-of-home media service provider, on February 17, under the ticker symbol "PLANB". The company has a market capitalization at its initial public offering (IPO) of THB 6.99 billion (approx. USD 211.82 million).

SET Executive Vice President Chanitr Charnchainarong said that Plan B Media pcl would list in the Media sector on SET. The company was a professional out-of-home media service provider in downtown Bangkok area, greater Bangkok and major cities in Thailand, covering transit media, in-store media and outdoor media. Plan B Media pcl offered various innovative media services effectively, responding to customer needs.

Plan B Media pcl has a paid-up registered capital of THB 349.5 million, consisting of 2,597.40 million existing common shares and 897.6 million newly issued shares, with a par value of THB 0.10 each. During February 9-11, the company offered 23.4 million newly issued shares to executives, directors and employees, and 874.2 million shares to the general public via IPO, at THB 2.0 each, for a total of THB 1.8 billion. Bualuang Securities pcl is its financial advisor and underwriter.

PLANB Chief Executive Officer Palin Lojanagosin said this listing would strengthen the company’s business, boost capability to offer media innovation with varieties to cater to customers’ needs. The fund raised would be used as working capital and long-term debt repayment, to expand many innovative media, as well as for future business expansion, in aiming to achieve sustainable growth.

PLANB's three major shareholders after the IPO are Palin Lojanagosin, Apiradee Opasiamlikit and group (51 percent), Pinijsorn Luechaikajohnpan (11.4 percent) and PT Elang Mahkota Teknologi Tbk (11.3 percent). The IPO price was set by a booking building process at a range of THB 1.8 - 2.0 per share and equivalent to price per earnings ratio (P/E ratio) of 37.12 times. PLANB's P/E ratio was calculated by using the company's net profit in the past four quarters (Q4 2013 - Q3 2014) divided by fully diluted shares, representing earnings per share of THB 0.05. PLANB's dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.

For more information on PLANB, please see the company's prospectus at the Securities and Exchange Commission's website at and general information at the company's website at , as well as .

Members of the media please contact the Public Relations Unit, Corporate Communications Dept.:Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.

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