Bangchak Corporation Pcl. (SET: BCP) announced on Wednesday that the 2023 Annual General Meeting of Shareholders held on April 11 has resolved to approve the acquisition of ordinary shares and tender offer for all remaining securities in Esso (Thailand) Public Company Limited (SET: ESSO).
The approval includes the direct acquisition of 2,283,750,000 ordinary shares of ESSO (equivalent to approximately 65.99% of the total issued shares as of 30 September 2022) and the tender offer for all remaining no more than 1,177,108,000 ordinary shares in ESSO (equivalent to approximately 34.01% of the total issued shares as of 30 September 2022) after the completion of the Shares Acquisition Transaction to acquire the remaining ESSO shares at the same price as that of the purchase price of ESSO shares in accordance with the Shares Acquisition Transaction.
BCP has previously announced the adjustment purchasing price for ESSO at THB 9.18 per share, totaling THB 20,956 million.
