26 Jul 2019 20:33:00
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
(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.