Investor Relations

 

PTTEP 13061/00-1034/2020                                                                                     

30 January 2020

 

President

The Stock Exchange of Thailand

93 Ratchadapisek Road, Din Daeng

Bangkok 10400

 

Dear Sir,

 

 

Subject:           Proposed Dividend for Year 2019

 

 

PTT Exploration and Production Public Company Limited, or PTTEP, is pleased to announce that the Board of Directors of the Company, at meeting No. 1/2563/473 on 30 January 2020, passed a resolution to propose the 2019 dividend payment of Baht 6.00 per share to the 2019 Annual General Shareholders’ Meeting for approval. The Company has made an interim dividend payment to the shareholders for the first-half-year operations of 2019 at the rate of Baht 2.25 per share (the entire amount paid from unappropriated retained earnings under the Petroleum Income Tax Act), and still has to pay the remaining dividend at the rate of Baht 3.75 per share, which will be paid from unappropriated retained earnings under the Petroleum Income Tax Act.

PTTEP has set 14 February 2020 as the Record Date on which shareholders have the right to attend the 2020 Annual General Shareholders’ Meeting (AGM) and to receive the dividend. The dividend payment of Baht 3.75 per share will be paid on 10 April 2020, after obtaining approval from the 2020 AGM.

 

Please be informed accordingly.       

 

Sincerely yours,

 

 

Phongsthorn Thavisin

President and Chief Executive Officer