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PTT Public Company Limited Financial Report
PTTCH
During the year, PTTCH’s employees exercised their rights to purchase ordinary shares under the Employee Stock Ownership Plan (ESOP) project as detailed in Note 31. The loss from this exercise of rights amounting to Baht 96.84 million was recorded in the statements of income. The Company sold 12.77 million shares of PTTCH on the Stock Exchange of Thailand, for a total of Baht 1,967.91 million, resulted in gain from disposal of investments in the consolidated financial statements and separate financial statements totalling Baht 994.00 million and Baht 1,412.51 million, respectively. The Company purchased 21.32 million shares from dissenting shareholders of PTTAR and PTTCH for a total of Baht 3,513.63 million, which incurred goodwill of Baht 1,888.41 million. On October 19, 2011, PTTGC registered the amalgamation between PTTCH and PTTAR with the Ministry of Commerce. As a result, PTTCH and PTTAR are no longer legal entities. The Company swapped all ordinary shares that it held in PTTCH for the new ordinary shares issued by PTTGC (the details are in Note PTTGC). BCP
During the year, the holders of convertible debenture warrants exercised their rights to convert to ordinary shares as detailed in Note 31. The resulting gain of Baht 30.71 million was recorded in the statements of income. In addition, the Company exercised its rights to convert 58,560 units of convertible subordinated debentures to 41,828,571 ordinary shares of BCP. Consequently, as at December 31, 2011, the Company’s shareholding in BCP was 27.22%. PTTI
On February 4, 2011, PTTI’s extraordinary shareholders’ meeting No.1/2011 passed a resolution to increase its authorized share capital by Baht 19,445 million, from Baht 16,600 million to Baht 36,045 million, by issuing 1,944.50 million ordinary shares with a par value of Baht 10 each. PTTI called for the first 25% payment of the additional authorized share capital amounting to Baht 4,861.25 million. The Company made the share payment on February 15, 2011.