News Detail

Date/Time
26 Jul 2019 20:33:00
Headline
Resolution of the Board of Directors Meeting of PTT Global Chemical Public Company Limited with respect to the provision of support to Global Power Synergy Public Company Limited in the plan to increase the registered capital
Symbol
PTTGC
Source
PTTGC
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                (Translation)

No.  01-1200 / 2019

July 26, 2019
Subject : Resolution of the Board of Directors Meeting of PTT Global Chemical 
Public Company Limited with respect  to the provision of support to Global Power
 Synergy Public Company Limited in the plan to increase the registered capital
To          : The President, The Stock Exchange of Thailand

PTT Global Chemical Public Company Limited ("the Company") (as a major 
shareholders of Global Power Synergy Public Company Limited ("GPSC")) would like
to inform you that the Board of Directors Meeting of PTTGC, convened on 26 July
2019, resolved to approve the provision of support to GPSC in the plan to
increase its registered capital, which there will be an issuance and offering
for sale of newly-issued ordinary shares to the existing shareholders of GPSC
proportionate to their respective shareholdings (Rights Offering).
In this regard, the Company will subscribe for the newly-issued ordinary shares 
in the number proportionate to PTTGC's shareholdings in GPSC in accordance with
the criteria and conditions on the subscription for newly-issued shares which
will be further specified by GPSC.

The subscription for the newly-issued ordinary shares is not subject to disclose
the information memorandum under the rule of a connected transaction and
acquisition or disposal of assets of the listed companies.

Please be informed accordingly.

Sincerely yours,


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.