PTTGC Completes the GPSC Deal with PTT to Book ฿25Bn
PTTGC completed the deal with PTT in the transfer of 358,936,756 shares of GPSC. The company expected to record 25,126 million baht from the deal.
PTT Global Chemical Public Company Limited (PTTGC) indicated that the company completed the transfer of the shares in GPSC to the relevant parties on June 8, 2021. The company’s shareholding in GPSC decreased from 22.73 percent before the transaction to 10.00 percent after the transaction.
PTTGC referred to its notification of resolutions of the Extraordinary General Meeting of Shareholders No. 1/2021, passed on June 7, 2021, which approved the company to sell ordinary shares in Global Power Synergy Public Company Limited (GPSC) having a par value of Baht 10 per share to (a) PTT Public Company Limited in the number of 305,000,000 shares, which are equivalent to 10.82 percent of the total issued and paid-up shares of GPSC and (b) Siam Management Holding Company Limited in the number of 53,936,756 shares, which are equivalent to 1.91 percent of the total issued and paid-up shares of GPSC, totalling 358,936,756 shares, which are equivalent to 12.73 percent of the total issued and paid-up shares of GPSC, at Baht 70.0 per share in the total amount of approximately 25,126 million baht.
However, such amount may be adjusted to reflect the effect from dividend payment of GPSC and income tax of the relevant parties associated with the dividend payment (if any) by not more than 30 million baht.
