“Pilatus Marine Goes Public on MAI Stock Exchange Offering LPG Transportation Services”

Mr. Praphan Charoenprawat, Manager of the Market for Alternative Investment (mai), revealed that the mai Stock Exchange has accepted Pilatus Marine Public Company Limited and started trading on mai under the service industry group. By using the stock trading abbreviation “PLT” on April 27, 2023.

PLT and its subsidiaries engages in the business of transporting liquid petroleum gas (Liquid Petroleum Gas: LPG) both by ship and by car In the shipping routes along the Gulf of Thailand and near shore, namely Cambodia and Vietnam, the Company currently has 19 ships and 44 vehicles. The target customers are companies that are major producers and/or distributors of LPG in the country. Thailand such as PTT Oil and Retail Business Public Company Limited (OR), PTT Public Company Limited (PTT), and WP Energy Public Company Limited (WP).

In 2022, the company’s revenue proportion came from the gas transportation business: by road 94%: 6, of which almost 90% is the service of ship transportation on domestic routes. in the manner of hiring a transport contract with a contract of carriage in advance (Contract of Affreightment)

PLT has a paid-up capital after the offering of 480 million baht with a par value of 0.50 baht per share, consisting of 680 million existing ordinary shares and 280 million newly issued ordinary shares, offered to individuals at the discretion of the underwriter 238.9 million shares offered for sale. To patrons of the company 36.8 million shares and offered to employees of the company 4.3 million shares on April 19-21, 2023 at a price of 1.55 baht per share, totaling a fundraising value of 434 million baht. Securities value at the IPO price of 1,488 million. baht

Determining the IPO price is calculated as a price to earnings per share ratio (P / E ratio) of approximately 23.92 times. Earnings per share are calculated from net profit for the year 2022, which is equal to 62.21 million baht divided by the total number of ordinary shares after. This offering of shares (fully diluted) has a net profit per share of 0.07 baht, with Sage Capital Co., Ltd. acting as the financial advisor and KGI Securities (Thailand) acting as the underwriter and underwriter.

Mr. Waravit Chimtawan, Chief Executive Officer of PLT, revealed that the company is committed to becoming a leading company in the transportation business both in the country and in the Asia-Pacific region. with punctual service Able to control cargo and operate professionally under the international regulations of the International Maritime Organization As a result, the company has been trusted by major customers continuously over the past 13 years.

for the proceeds from the fundraising The company will use it to invest in the purchase of LPG and liquefied chemical gas tankers. Invest in the purchase of LPG trucks, install the ERP system within the organization, improve the parking lot and build a car maintenance shed. as well as being used as working capital

PLT’s major shareholder after the IPO is the Chimtawan family. holds 70.83% of shares. The company has a policy to pay dividends to shareholders at a rate of not less than 40% of the net profit of the separate financial statements. After corporate income tax and reserves All types as required by law and the company