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Dec. 7--Egat Plc executives yesterday denied any impropriety in the allocation of shares to staff, following reports of favouritism.
Several local newspapers yesterday reported that the allocations under the utility's employee stock option programme (Esop) had been biased, with several top employees receiving an excess number of shares.
Pichai Chulpongstorn, Egat's chief administration officer, insisted that the allocation of 552 million shares was done transparently and was based on the cabinet resolution applied to all state enterprises that have been converted to public companies since April 7 last year.
Mr Pichai said only Egat employees ...