SET Notification

Renewal of the Short-Term Inter-Company Borrowing and Lending Agreement between PTTEP and PTT

20 December 2017


PTTEP 13061/00-10348/2017                                                                                 


Investor Relations
Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446, 0-2537-4000 ext. 800-7374          


20 December 2017
 

President
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
Bangkok 10400
 

Dear Sir,
 
Subject:          Renewal of the Short-Term Inter-Company Borrowing and Lending Agreement between PTTEP and PTT
Reference:       Letter No. PTTEP 13061/00-13902/2013, dated 20 December 2013
Attachment:     Enclosure of Transaction Details
 
 
Reference is made to PTT Exploration and Production Public Company Limited (PTTEP)’s disclosure regarding the Inter-Company Borrowing and Lending (ICBL) between PTTEP and PTT Public Company Limited (PTT), which was approved by the Board of Directors as per the resolution of meeting No. 9/2556/368 held on 29 August 2013.
 
PTTEP wishes to announce that on 20 December 2017, PTTEP and PTT have renewed the ICBL agreement with no change in terms and conditions. This renewal of ICBL agreement is under PTTEP management’s authorization according to the Board of Directors’ resolution as cited above.
 
Since PTT is the major shareholder of PTTEP, this transaction is classified as a connected transaction, under the transactions relating to grant or receipt of financial assistance, per the Notification of the Capital Market Supervisory Board Tor Chor 21/2008 Re: Rules and regulations on connected transactions. PTTEP hereby discloses the details of the transaction as in attachment.
 
 
Yours sincerely,
 
Somporn Vongvuthipornchai
 
Somporn Vongvuthipornchai
Chief Executive Officer