Resolution of the Board of Directors' Meeting re: the Share Resale Program for Financial Management Purpose
May 24, 2021 at 07:37 am EDT
Share
(Translation)
Ref. No. 16-032/2021
May 24th, 2021
Subject:
Resolution of the Board of Directors' Meeting re: the Share Resale Program for Financial Management
Purpose
To:
President, The Stock Exchange of Thailand
Enclosure:
The Company's Share Resale Disclosure Form (Form TS-7) dated May 24, 2021
PTT Global Chemical Public Company Limited (PTTGC) ("the Company") held the Board of Directors' Meeting No. 6/2021 on May 24, 2021. The Meeting resolved to approve the share resale program for financial management purpose in the number of the shares to be repurchased is approximately 0.495% or 22,300,000 of the total issued shares. The resale period, starting from June 7, 2021 to December 9, 2022. The details are as appeared in the Enclosure.
We, PTT Global Chemical Public Company Limited, hereby notify the resolution of the board of directors, no. 6/2021, held on May 24, 2021, regarding the approval on the resale of share repurchased with the details as follows:
Number of share resold _______________22,300,000 shares or equal to
Procedure for shares resold
on the Stock Exchange of Thailand
by Public Offering
_____________0.495 of the total of paid-up capital.
The period for the resale of shares will be from
June 7, 2021
to
December 9, 2022
_____________________
______________________
(after 6 months from the completion date of share repurchase and not later than 3 years from this time)
RemarksThe company has to disclose the proposed share resale not later than 14 days prior to the date on which the shares will be resold.
3. The principle used to determine the resale price.
_______________________________________________________________________________________The resale price must not be lower than 85% of the average closing price of 5 trading days prior to the date on
_______________________________________________________________________________________which the repurchased shares will be resold.
The company certifies that the information contained in this report is true and complete in all respects.
Authorized Director or Company Secretary
Sign
____________________________________
or any executive who are authorized to
(Miss Pattaralada Sa-Ngasang)
sign on behalf of the Company
Position
Executive Vice President - Finance and Accounting
Note : Listed company must report any resolutions of the board of directors regarding proposed projects for share repurchase on the date of the abovementioned meeting or up until 9.00am on the following day of business via facsimile and the Exchange's ELCID.
PTT Global Chemical pcl published this content on 24 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2021 11:36:08 UTC.
PTT Global Chemical Public Company Limited is a Thailand-based chemical company. The principal activities of the Company are refining and provision of integrated petroleum products, production and distribution of aromatics products including aromatic derivatives and production and distribution of ethylene, propylene, polyethylene plastic pellets and biochemical products. Its by-products are mixed C4, cracker bottom and tail gas. Its minor activities include the production and distribution of electricity, water, steam and other utilities. In addition, the Company also operates production support facilities such as jetty and buffer tank farm services for liquid chemical, oil and gas. The Company operates through six segments: Upstream (including Refinery, Aromatics and Olefins), Intermediates (including EO-Based Performance, Phenol and others), Polymers and Chemicals, Bio and Circularity, Performance Chemicals, and Service and Others.
PTT GLOBAL CHEMICAL 
