PTT Public : Renewal and Extension of Inter-Company Borrowing and Lending Contract between PTT Public Company Limited and PTT group companies
December 20, 2019 at 11:31 am
Share
No. 80000001/1194
(Translation)
December 20, 2019
Subject
Renewal and Extension of Inter-Company
Borrowing and Lending Contract between PTT Public
Company Limited and PTT group companies
To
President,
The Stock Exchange of Thailand
Reference PTT Public Company Limited Letter no. 80000001/1302 dated December 20, 2018
Board of Directors of PTT Public Company Limited ("PTT") at the meeting held on June 22, 2012 has passed the resolution on the approval of short term liquidity management between PTT and PTT group companies, which PTT has stake holding less than 100%, in the form of Inter-Company Borrowing and Lending ("ICBL") facility in Baht and/or US dollar currency under Uncommitted & Unsecured Short Term Loan, details as in reference letter.
We would like to inform that PTT and its 4 affiliates, namely PTT Exploration and Production Public Company Limited, Thai Oil Public Company Limited, IRPC Public Company Limited, PTT Oil and Retail Business Company Limited have extended/revised ICBL contracts as well as PTT Global Chemical Public Company Limited has renewed ICBL contract with PTT. The period of all the contracts with 5 affiliates are 1 year from December 20, 2019 and will be expired on December 19, 2020. Besides, Credit lines and details of the aforementioned contracts are as follows;
Unit: MMTHB equivalent
Company
Credit lines which PTT can
Credit lines which PTT
lend to affiliate companies
can borrow from affiliate
companies
PTT Exploration and Production Public Company Limited
5,000
5,000
PTT Global Chemical Public Company Limited
10,000
5,000
Thai Oil Public Company Limited
2,000
2,000
IRPC Public Company Limited
10,000
1,500
PTT Oil and Retail Business Company Limited
2,000
500
-2-
The transactions are not connected transactions of PTT and do not require disclosure under the rule, procedures and disclosure of information to the SET. PTT report these transactions for the transparency and alignment within PTT group.
Please be informed accordingly.
Yours Sincerely,
(Mr. Chansin Treenuchagron)
President & Chief Executive Officer
Investor Relations Department
Tel 0 2537 3518
Fax 0 2537 3948
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PTT pcl published this content on 20 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2019 11:30:00 UTC
PTT Public Company Limited is a Thailand-based company, which is engaged in the petroleum business. The Companyâs segments include upstream petroleum and natural gas, downstream petroleum, new business and infrastructure and Others. The upstream petroleum and natural gas segment includes petroleum exploration and production and natural gas. The downstream petroleum segment includes oil and retail, international trading and petrochemicals and refining. The oil and retail business engages in the oil and retail business including service station, EV station, food and beverage, convenience store, and related businesses in both domestic and overseas. Its products include Natural Gas for Automotive (NGV), Natural Gas Wholesale Market Customers and others. Its services include Natural Gas Services for Vehicles, Natural Gas Pipeline Transportation, Order Management Center (ORCC), PTT Electronic Bill Presentment & Payment, PTT E-Tax Web and Collateral Information Ptt.