Renewal of the Short-Term Inter-Company Borrowing and Lending Agreement between PTTEP and PTT
21 December 2020
Tel. +66(0) 2537 4259, +66(0) 2537 4891
21 December 2020
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
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 2020, 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.
Chief Executive Officer
PTT Exploration and Production Public Company Limited555/1 Energy Complex Building A, 6th Floor & 19th - 36th Floor, Vibhavadi-Rangsit Road, Chatuchak, Chatuchak, Bangkok 10900 Thailand
Phone : 66 (0) 2537-4000
Fax : 66 (0) 2537-4444
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