(Translation)
No. 80000001/819
August 19, 2019
Subject The Acquisition of PT Sentika Mitra Persada and PT Multiara Kapuas, the owners of coal mining licenses in Indonesia
To President,
The Stock Exchange of Thailand
PTT Public Company Limited ( " PTT" ) would like to inform that Sakari Resources Limited ("SAR"), 95.82% owned by PTT Global Management Co., Ltd. (("PTTGM") a wholly owned subsidiary of PTT), acquired 100% common shares through SAR's subsidiaries in both PT Sentika Mitra Persada ("SMP") with the registered capital of 57,804,000,000 Indonesian Rupiah and PT Multiara Kapuas ( " MK" ) with the registered capital of 21,883,000,000 Indonesian Rupiah. Those two companies are the owners of coal mining licenses in Indonesia. The total investments in SMP and MK are approximately USD 11. 7 million. The objectives of this transaction are to replenish coal reserves of SAR as SAR's current reserves are depleting, and to enhance SAR group's quality adjustment capability with coal production from existing mines to meet its customers' requirement.
This transaction is not a connected transaction and the transaction size does not require any disclosure under regulations on acquisition and disposition of assets of the listed companies. However, this is a report that a listed company or its subsidiary company acquires or disposes of an investment in another company, which results in that other company becoming or ceasing to be a subsidiary company of the listed company or its subsidiary company. Therefore, this transaction resulted that PT Sentika Mitra Persada and PT Multiara Kapuas become subsidiaries of PTT.
Please be informed accordingly.
Yours sincerely,
(Chansin Treenuchagron)
President & Chief Executive Officer
Investor Relations Department
Tel +66 2537 3518
Fax +66 2537 3948
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PTT pcl published this content on 19 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2019 10:51:08 UTC