20 Dec 2016 17:21:00
Signing of the Renewal Inter-Company Borrowing & Lending Agreement between PTTGC and PTT
(Translation) Ref. No. 16-58/2016 December 20, 2016 Subject: Signing of the Renewal Inter-Company Borrowing & Lending Agreement between PTTGC and PTT To: President, The Stock Exchange of Thailand Reference: PTTGC's letter No. 16-048/2015 dated on December 21, 2015 on the signing of the Inter-Company Borrowing & Lending Agreement between PTTGC and PTT Reference is made to the letter from PTT Global Chemical Public Company Limited ("PTTGC") to the Stock Exchange of Thailand notifying the signing of the Inter-Company Borrowing & Lending Agreement ("ICBL") between PTTGC and PTT Public Company Limited ("PTT") dated on December 21, 2015. The Board of Directors of PTTGC in its meeting No. 10/2012 dated October 26, 2012 has approved to proceed the short-term liquidity management between PTTGC and PTT, a major shareholder of PTTGC which holds 48.89%, and authorized Chief Executive Officer ("CEO") or those delegated by CEO to have the authority to negotiate on the transaction and define the details of the ICBL between PTTGC and PTT by preparing the loan agreement and / or any other related contracts, including the renewal of the loan agreement for a further term of not more than 1 year. In this regard, PTTGC is pleased to inform that the loan agreement as disclosure to the Stock Exchange of Thailand in the letter No. 16-048/2015 has expired on December 19, 2016 and currently PTTGC has renewed the ICBL between PTTGC and PTT for 1 year. The transaction is a connected transaction under the disclosure of information concerning the connected transaction on giving or receiving financial assistance with the transaction size less than 3% of PTTGC's net tangible assets as of September 30, 2016. Please be informed accordingly. Sincerely yours, Miss Duangkamol Settanung Executive Vice President - Finance and Accounting ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.