In accordance with the proposed merger between PTT Chemical (Thailand, B0T9JT9, PTTCH) and PTT Aromatics and Refining (Thailand, B2B3324, PTTAR) to form PTT Global Chemical (Thailand) effective 21st October 2011, the following timetable is expected to be followed for processing the changes to FTSE SET indices:
Monday 10th October 2011
Expected last day of dealings in PTT Chemical and PTT Aromatics and Refining.
Both PTT Chemical and PTT Aromatics and Refining will remain in the index based on their last closing prices.
At close Thursday 13th October 2011
In accordance with Ground Rule 6.3.1, the highest ranking security by full market capitalisation of the reserve list for FTSE SET Large Cap Index will be selected at the index close. This is to replace PTT Aromatics and Refining at the merger effective date, i.e. on Friday 21st October 2011.
Friday 21st October 2011 (i.e. applied at close Thursday 20th October 2011)
PTT Chemical will have a name change to PTT Global Chemical in the appropriate FTSE SET indices with an increased shares in issue total of 4,469,350,035. This is based on the existing shares in issue total of both PTT Chemical and PTT Aromatics and Refining adjusted by the merger terms.
The investability weighting of PTT Global Chemical will be adjusted to ensure it equates to the existing combined weights of PTT Chemical and PTT Aromatics and Refining. PTT Aromatics and Refining will be deleted and replaced by the reserve company as notified after close 13th October 2011.
Tuesday 1st November 2011 (i.e. applied at close Monday 31st October 2011)
PTT Global Chemical will remain in the index with an unchanged shares in issue total of 4,469,350,035 and an increased investability weighting of 75%.
Please Note: All details are based on the current merger timetable.
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