News Detail

Date/Time
17 Mar 2017 18:14:00
Headline
The 2017 Annual General Meeting of Shareholders Date, Its Agenda Items, 2016 Dividend Payment, and the Restructuring of PTT in relation to Oil Business Unit
Symbol
PTT
Source
PTT
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                Meeting schedule of securities holders

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 17-Mar-2017
Meeting date                             : 28-Apr-2017
Beginning time of meeting (h:mm)         : 09 : 30
Record date for the right to attend the  : 31-Mar-2017
meeting
Book closing date for collecting holders : 03-Apr-2017
 names under Section 225 of the 
Securities and Exchange Act
Ex-meeting date                          : 29-Mar-2017
Significant agenda item                  :
  - Dividend payment
  - Acquisition and disposition of assets
Venue of the meeting                     : Bangkok Convention Center, 5th Floor,
Central Plaza Ladprao (Plaza Zone), 1695 Phaholyothin Road, Chatuchak, Bangkok
10900, Thailand.
______________________________________________________________________

Dividend consideration

Subject                                  : Cash dividend payment
Date of Board resolution                 : 17-Mar-2017
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 31-Mar-2017
dividends
Book closing date for collecting         : 03-Apr-2017
shareholders names under Section 225 of 
the Securities and Exchange Act
Ex-dividend date                         : 29-Mar-2017
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 10.00
Derived from profit under non-BOI        : 0.00
privilege (baht per share)
Derived from profit under BOI privilege  : 10.00
(baht per share)
Par value (baht)                         : 10.00
Payment date                             : 15-May-2017
Paid from                                : Retained Earnings
______________________________________________________________________

Acquisition and disposition of assets

Disposition of Assets of PTT Public Company Limited

The Board of Directors of PTT Public Company Limited (the "Company" or "PTT"), 
at the meeting No. 3/2017 held on 17 March 2017, approved the restructuring of
PTT consisting of a transfer of the oil business unit, the assets and
liabilities of such business unit, and the shares of companies related to the
oil business unit from PTT to PTT Oil and Retail Business Company Limited
("PTTOR") (previously named as PTT Retail Business Company Limited); the initial
public offering of the ordinary shares of PTTOR ("IPO") including the offering
of PTTOR's ordinary shares to PTT's existing shareholders who have the rights to
subscribe for such allocated shares. However, PTTOR will not offer such shares
to shareholders who will cause PTTOR to be subject to rules and regulations of
foreign countries ("Preferential Share Offering"); and the listing of PTTOR in
the Stock Exchange of Thailand (the "SET") (collectively referred to as the
"Restructuring of PTT"). In addition, the Board of Directors of PTT approved to
propose to the shareholders' meeting of PTT to consider and approve the
aforementioned transaction.
The Restructuring of PTT is classified as a disposition or a transfer of the 
whole or important parts of the Company's business to other persons under
Section 107(2)(a) of the Public Limited Companies Act B.E. 2535 (as amended),
which shall be approved by the shareholders' meeting  of PTT with votes of not
less than three-fourths of the votes of shareholders who attend the meeting and
eligible to vote. Also, the IPO of PTTOR including the Preferential Share
Offering and the listing of PTTOR on the SET are classified as disposition of
assets of listed companies as described in the Notification of the Board of
Governors of the Stock Exchange of Thailand Re: Disclosure of Information and
Other Acts of Listed Companies Concerning the Acquisition and Disposition of
Assets, 2004 (the "Notification Re: the Acquisition and Disposition of Assets").
Based on the calculation of the transaction size, the highest transaction size
inclusive of all disposition transactions occurred over a 6-months period prior
to the day that the Board of Directors of PTT approved the Restructuring of PTT
is lower than 15% and PTT does not issue any securities as an exchange;
therefore PTT is not obligated to prepare a report and disclose information on
the transaction to the SET or request for approval from the Board of Directors'
meeting or the shareholders' meeting of PTT as specified in the Notification Re:
the Acquisition and Disposition of Assets. However, for good governance and
sufficient information disclosure for the decision making of PTT's shareholders,
PTT deems it appropriate to disclose information of the transaction to the SET
and to appoint the Independent Financial Advisor ("IFA") to provide an opinion
on the Restructuring of PTT in order to provide PTT's shareholders with
important information for the decision making at the shareholders' meeting of
PTT to consider and approve the transaction.
______________________________________________________________________
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.