PTG Reduces Dividend Payment to ฿0.20 to Maintain Liquidity amid COVID-19 Crisis

PTG Energy Public Company Limited (PTG) has announced the approval of its Board of Directors’ resolution to pay an interim dividend payment at the rate of THB 0.20 per share from the net profit and the operating results of 2019 to be paid on May 15, 2020.

 

PTG stated that the interim dividend payment is to alleviate the impact on the shareholders’ right to receive the dividend due to the indefinite postponement of the 2020 Annual General Meeting of Shareholders (AGM).

The important reasons for the reduction of dividend payment from THB 0.50 to THB 0.20 was due to the necessity to manage the liquidity of the company’s cash flow in order to make sure that it will be sufficient to carry on its business operation and to pass the prolonged crisis, as well as to prepare for the business execution after the cessation of the coronavirus outbreak, and to support other situations that might be occurred, such as drought or economic crisis.