News Detail

31 Oct 2018 08:31:00
Signing the Share Sale and Subscription Agreement for Rotomolding Compound Businesses
Full Detailed News
Download Full Detailed News

Ref  01- 0785 / 2018
31 October 2018
Subject :   Signing the Share Sale and Subscription Agreement for Rotomolding 
Compound Businesses
To        :   The President, The Stock Exchange of Thailand

PTT Global Chemical Public Company Limited (the "Company") would like to inform 
that Board of Directors' meeting No. 9/2018 on 20 August 2018 has approved the
Company, either directly or indirectly through an affiliated company, to acquire
49% shares of Revolve Group Limited ("RGL"), from an original shareholder and
by subscription of newly issued shares from RGL.  The total investment is 6.4
million pound sterling or equivalent to approximately 281 million baht (at
43.885 baht per GBP) which the final price may be adjusted depending on some
certain factors. The Share Sale and Subscription Agreement has been signed on 30
 October 2018.

The investment is harmonized with the Company's business strategy that intends 
to expand the investment toward downstream and enhance the value chain of
Performance Chemicals products.  RGL is a major producer of Rotomolding Compound
with a significant market share in Europe and Oceania through its extended
global production footprints including United Kingdom, Poland, Australia, New
Zealand, and Malaysia.   The major feedstock used is LLDPE plastic resin.

The acquisition of shares under Share Sale and Subscription Agreement is 
expected to be completed within the first quarter of 2019 after receiving
approvals from related authorities pursuant to the terms and conditions in the
Share Sale and Subscription Agreement.

In this regard, this transaction is not a connected transaction and by 
considering the accumulated value of the past 6 months this transaction is not
under the criteria to disclose the information in accordance with the
Notification of the Acquisition or Disposition of Assets of Listed Companies to
the Stock Exchange of Thailand.

Please be informed accordingly.
Yours sincerely,

Mr. Supattanapong Punmeechaow
President & Chief Executive Officer
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.