SET Notification

Resolutions of the 2018 Annual General Shareholders’ Meeting

2 April 2018

 

PTTEP 13061/00-3076/2018                                                                               

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


2 April 2018

 

President

The Stock Exchange of Thailand

93 Ratchadapisek Road, Dindaeng

Bangkok 10400

 

 

Dear Sir,

 

Subject:   Resolutions of the 2018 Annual General Shareholders’ Meeting

 

PTT Exploration and Production Public Company Limited (PTTEP) would like to report the resolutions of the 2018 Annual General Shareholders’ Meeting held on Monday 2 April 2018 at 09.30 hrs. at Bangkok Convention Center, 5th Floor, Central Plaza Ladprao (Plaza Zone), 1695 Phaholyothin Road, Chatuchak, Bangkok. The details are as follows:

Agenda Item 1                 To acknowledge the 2017 performance results and 2018 work plan of the Company

Resolution:                      
The Meeting acknowledged the Company’s 2017 performance and 2018 work plan as proposed.

Agenda Item 2                 To approve the financial statements for the year ended 31 December 2017

Resolution:                      
The voting comprised agreed 3,200,178,070 votes or 100.0000 %; disagreed 0 votes or 0.0000%; abstained 57,515 votes; and voided ballots 3,500 votes.

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 31 December 2017 as proposed.

Agenda Item 3                 To approve the dividend payment for 2017 performance

Resolution:                      
The voting comprised agreed 3,202,890,412 votes or 99.9992%; disagreed 25,300 votes or 0.0008%; abstained 1,782,401 votes; and voided ballots 2,500 votes.

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 the year 2017 at the rate of 4.25 Baht per share. The Company has already made an interim dividend payment for the first-half-year operation of 2017 on 25 August 2017 at the rate of 1.50 Baht per share from unappropriated retained earnings under the Petroleum Income Tax Act. This remains 2017 dividend of 2.75 Baht per share from unappropriated retained earnings under the Petroleum Income Tax Act which shall be payable on 12 April 2018 to those shareholders who are entitled to receive the dividend are as listed on the Record Date on 9 February 2018.

Agenda Item 4                 To appoint the auditor and consider the auditor’s fees for year 2018

Resolution:                      
The voting comprised agreed 2,879,879,798 votes or 89.6697%; disagreed 331,772,327 votes or 10.3303%; abstained 422,999 votes; and voided ballots 0 votes.

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 the Office of the Auditor General of Thailand (OAG) to be the Auditor of PTTEP for the year 2018 with expenses related to auditing at the amount not exceeding 2,700,000 Baht as proposed.

Agenda Item 5                 To approve the revision of the Articles of Association

Resolution:                      
The voting comprised agreed 3,211,896,537 votes or 99.9900%; disagreed 19,901 votes or 0.0006%; abstained 298,211 votes or 0.0093%; and voided ballots 2,500 votes or 0.0001%.

It is resolved that the Meeting, with no less than three-fourths of the total number of votes cast by shareholders who were present and entitled to vote, approved the revision of the Articles of Association Article 21, Chapter 4 General Meeting and Article 9, Chapter 3 Board of Directors as proposed.

Agenda Item 6                 To approve the board of directors’ and the sub-committees’ remuneration

Resolution:                      
The voting comprised agreed 3,172,938,061 votes or 98.7677%; disagreed 39,245,561 votes or 1.2216%; abstained 344,523 votes or 0.0107%; and voided ballots 0 votes or 0.0000%.

It is resolved that the Meeting, with more than two-thirds of the total number of votes cast by the shareholders who were present, approved the remuneration package of the Board of Directors and the sub-committees for year 2018 at the same rate as that of year 2017 as proposed.

 

Agenda Item 7                 To approve the appointment of new directors in replacement of those who are due to retire by rotation

 

Resolution:                       The voting for each nominated director is as follows:

 

Namelist

Agree, %

Disagree, %

Abstain

Voided Ballots

1

Mr. Prajya       

Phinyawat

3,222,106,831 (99.1089%)

28,968,776

(0.8911%)

315,971

0

2

Mr. Pitipan

Tepartimargorn

3,215,640,835 (98.9101%)

35,432,131

(1.0899%)

318,612

0

3

Ms. Panada

Kanokwat

3,188,767,329 (98.0835%)

62,305,637

(1.9165%)

318,612

0

4

Mr. Bundhit  

Eua-Arporn

3,159,428,597 (97.1811%)

91,644,369

(2.8189%)

318,612

0

5

Admiral Tanarat

Ubol

3,208,199,896 (98.6806%)

42,895,733

(1.3194%)

295,949

0

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 as proposed. Four directors (number (1), (3), (4) and (5)) are the independent directors according to the notifications that their qualifications conform to PTTEP Definition of Independent Director.

 

Sincerely yours,

 

Pranot Tirasai

 

Pranot Tirasai

Corporate Secretary