SET Notification

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

20 December 2021


PTTEP 13061/00-10316/2021
                                                                                   
Investor Relations
Tel. +66(0) 2537 4259, +66(0) 2537 5522

20 December 2021
 
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, dated 20 December 2013, 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 2021, PTTEP and PTT have renewed the ICBL agreement with no material 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,
 
Sumrid Sumneing
 
Sumrid Sumneing
EVP, Finance and Accounting Group