Banpu Public Company Limited, announced the resolutions of the Board of Directors’ meeting regarding the amalgamation transaction and the determination of the date of the Joint Shareholders’ Meeting between the shareholders of Banpu Public Company (BANPU) and the shareholders of Banpu Power Public Company (BPP) to consider matters relating to the new company to be established as a result of the amalgamation transaction (NewCo).
The meeting is scheduled to be held on Tuesday, 21 July 2026 at 13.30 hours by means of an electronic meeting (E-Meeting).
Following the shareholders’ approval of the group restructuring through the amalgamation between BANPU and BPP at the Extraordinary General Meeting of Shareholders No. 1/2026, and the completion of the share purchase from dissenting shareholders on 19 May 2026, the Board of Directors has resolved to approve to convene and propose to the joint shareholders’ meeting to consider and approve matters relating to “NewCo”. Agenda items include the consideration and approval of the name of NewCo, objectives, registered capital, number of shares, par value, allocation of shares, memorandum of association, appointment of directors and auditors, as well as other matters relating to the amalgamation. The Board of Directors also resolved to determine the Book Closing Date on 21 July 2026 for compilation of the list of shareholders who will be entitled to the allocation of shares in NewCo.
In this regard, shareholders of BANPU and BPP who will be entitled to be allocated NewCo shares shall be those whose names appear in the share register as at the specified date only.
Mr Sinon Vongkusolkit, chief executive officer of Banpu Public Company Limited,said “This amalgamation marks another important milestone for the Banpu Group. It is intended to enhance efficiency in asset optimization, capital allocation, and portfolio management, while strengthening Banpu’s capabilities and positioning the Company for sustainable future growth. We would like to encourage shareholders to attend this Joint Shareholders’ Meeting and take part in shaping the next chapter of Banpu’s future together.”
The NewCo, which will be proposed to the Joint Shareholders’ Meeting, will continue to operate under the name ‘Banpu Public Company Limited’ with the ticker symbol ‘BANPU’.
“The name Banpu is not merely a corporate identity, but a symbol of the confidence, relationships, and trust that we have built together with all stakeholders over several decades. Retaining the existing name reflects the continuity of our vision, the strength of our brand, and our commitment to driving growth across our versatile energy business, with people and technology serving as key enablers in order to expand the world’s energy capacity,responsibly.”
This Joint Shareholders’ Meeting is a crucial step in considering the establishment of the new company resulting from the amalgamation, marking a significant milestone in enhancing business potential and driving long-term value for shareholders.
The meeting requires the participation of shareholders holding not less than 50% of the total issued shares of each company, namely BANPU and BPP, to constitute a quorum,and resolutions must be approved by at least a majority vote of the shareholders attending the meeting.
The Company therefore cordially invites shareholders to attend to ensure the transaction moves forward as planned. In this regard,shareholders who are unable to attend the Joint Shareholders’ Meeting between the shareholders of BANPU and the shareholders of BPP on Tuesday, 21 July 2026 in person, may appoint an independent director of the Company as their proxy to attend the meeting and vote on their behalf. Shareholders are advised to use the proxy form by submitting the proxy form together with supporting identification documents by 17.00 hours on 20 July 2026.
In addition, BANPU and BPP will request to the Stock Exchange of Thailand (SET) for the trading suspension of BANPU and BPP shares for a period of 10 business days, commencing from 17 July to 3 August 2026 for preparation of the allocation of NewCo shares, as well as undertaking of any actions relating to the listing of NewCo shares as listed securities on the SET.
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