Thai bourse’s PP silent period rule effective May 6, 2015

The Stock Exchange of Thailand (SET) announces that a one-year silent period rule for a discount share offering in a private placement (PP) will be effective from May 6, 2015. Supakit Jirapraditkul, SET’s executive vice president, said that the silent period rule has received approval from the Securities and Exchange Commission (SEC) and would be effective on May 6 following the agreement of the SET’s board of governors on February 17 in approving a one-year silent period rule in share offering to PP at a price lower than 90 percent of its market price. (The market price refers to an average market price dated back 7-15 days before the selling date for PP). In addition, one-fourth of the silent period shares would be allowed for trading six months later, using the same principles of silent period rule as applied for initial public offerings. For more details on the regulations, please visit ‘regulations’ at www.set.or.th