Resolutions of the 2021 Annual General Meeting of Shareholders

8 Apr 2021

 
PTTEP 13143/00-2898/2021 

Corporate Secretary Division
Tel.+66 2537 4832, +66 2537 4819
  
8 April 2021
 
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Dindaeng
Bangkok 10400
 
Dear Sir,
 
Subject:   Resolutions of the 2021 Annual General Meeting of Shareholders
PTT Exploration and Production Public Company Limited (PTTEP) would like to report the resolutions of the 2021 Annual General Meeting of Shareholders held on Thursday 8 April 2021 at 09.30 hours, at Bangkok Convention Center, 5th Floor, Central Plaza Ladprao (Plaza Zone), 1695 Phaholyothin Road, Chatuchak, Bangkok 10900. The details are as follows:
Agenda Item 1         To acknowledge the 2020 performance results and 2021 work plan of the Company
Resolution:           The Meeting acknowledged the Company’s 2020 performance results and 2021 work plan as proposed.
Agenda Item 2         To approve the financial statements for the year ended December 31, 2020
Resolution:              It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the financial statements for the year ended December 31, 2020 as proposed.

The voting is comprised of:
Agreed         3,354,155,232 vote(s) or 99.9999%
Disagreed                 2,139 vote(s) or  0.0001%
Abstained           1,835,950 vote(s)
(voided ballot 0 vote)

Agenda Item 3          To approve the dividend payment for 2020
Resolution:               It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the dividend payment for 2020 year of operations at 4.25 Baht per share. The Company has already made the interim dividend payment for the first-half-year operations of 2020 on 28 August 2020 at the rate of 1.50 Baht per share and will pay the remaining dividend for the year 2020 on 26 April 2021 at the rate of 2.75 Baht per share. Both payments are paid from unappropriated retained earnings under the Petroleum Income Tax Act.
                                               
The voting is comprised of:
Agreed        3,355,958,332 vote(s)   or  99.9999%
Disagreed                2,139 vote(s)   or    0.0001%
Abstained              32,850   vote(s)
(voided ballot 0 vote)
 
Agenda Item 4          To appoint the auditor and consider the auditor’s fees for year 2021
Resolution:               It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the appointment of Ms. Amornrat Pearmpoonvatanasuk, Certified Public Accountant Registration No. 4599 or Mr. Boonrueng Lerdwiseswit, Certified Public Accountant Registration No. 6552, the auditors from PricewaterhouseCoopers ABAS Ltd., to serve as the auditor of PTTEP for the year 2021 with an audit fee of 8,900,000 Baht, the same rate as the fee in 2020, as proposed.
                                               
The voting is comprised of:
Agreed        3,133,425,323  vote(s) or   93.3694%
Disagreed       222,520,048  vote(s) or    6.6306%
Abstained               47,950  vote(s)
(voided ballot 0 vote)

Agenda Item 5         To approve the Board of Directors’ and the sub-committees’ remuneration
Resolution:               It is resolved that the Meeting, with not less than two-third of the total number of votes cast by the shareholders presented and entitled to vote, approved the remuneration package of the Board of Directors and the
sub-committees as proposed with the details as follows.
                                (1)   The retainer fee of the Board of Directors at the rate of 40,000 Baht/person/month (paid in full month), the meeting fee for the Board of Directors at the rate of 50,000 Baht/person/meeting (only when attending the meeting) and the meeting fee for the Members of Sub-committees at the rate of 45,000 Baht/person/meeting (only when attending the meeting). The Chairman of the Board will receive a 25 percent increase for both the retainer fee and the meeting fee. The Chairman of Sub-committees will receive a 25 percent increase of the meeting fee.
                                 (2)   Bonus for the whole Board of Directors at 0.2 percent from the annual net profit as stated in the Company’s consolidated annual financial statement with the total bonus limit of 60 million Baht and the Chairman of the Board will receive a 25 percent increase, if the Company pays dividend to shareholders and bonus payment will be adjusted according to each director’s office period.
                                               
The voting is comprised of:
Agreed        3,316,866,658  vote(s)  or   98.8341%
Disagreed         39,022,398  vote(s)  or    1.1628%
Abstained              104,265  vote(s)  or     0.0031%                        
(voided ballot 0 vote)

Agenda Item 6        To approve the appointment of new directors in replacement of those who are due to retire by rotation
Resolution:               It is resolved that the Meeting, by majority of the total of votes cast by shareholders who were present and voted, approved the election of 5 directors listed below as proposed. All 5 directors are independent director as the Board of Directors notified that their qualifications conform to the definition of Independent Director of PTTEP.
                                         
The voting for each nominated director is as follows:

 

Name List

Agreed (share)

(%)

Disagreed (share)

(%)

Abstained (share)

(%)

Voided Ballots

1

Admiral Tanarat

Ubol

3,335,017,676

(99.2873%)

23,940,785

(0.7127%)

47,375

0

2

Mr. Krairit

Euchukanonchai

3,326,402,964

(99.0311%)

32,545,147

(0.9689%)

57,725

0

3

Mr. Pitipan

Tepartimargorn

3,325,728,800

(99.0100%)

33,252,336

(0.9900%)

24,700

0

4

Mr. Bundhit

Eua-arporn

3,303,919,708

(98.3608%)

55,061,428

(1.6392%)

24,700

0

5

Mrs. Angkarat

Priebjrivat

3,146,745,709

(93.6822%)

212,212,752

(6.3178%)

47,375

0
 
Sincerely yours,
 
Maneeya Srisukhumbowornchai
 
(Mrs. Maneeya Srisukhumbowornchai)
Company Secretary