PTT: Annual Report 2011

Page 296

090

PTT Public Company Limited   Financial Report

PTTGE

On January 20, 2011, PTTGE called for payment of additional authorized share capital of USD 40 million or approximately Baht 1,237.59 million. The Company made the share payment on February 9, 2011. On May 26, 2011, PTTGE called for the second payment of additional authorized share capital amounting to USD 60 million or approximately Baht 1,823.89 million. The Company made the share payment on June 10, 2011. On December 28, 2011, PTTGE increased its authorized share capital by USD 23 million or Baht 728.02 million. The Company made the share payment on December 30, 2011. PTTAC

On February 24, 2011, PTTAC called for the third payment (the last call) of its additional authorized share capital amounting to Baht 335.78 million and the Company made the share payment on March 3, 2011. PMBC

On February 11, 2011, the Company’s extraordinary Board of Directors’ meeting No.2/2011 passed a resolution to invest in a Polybutylene Succinate (PBS) project, through a joint investment in PTT MCC BioChem Co., Ltd. (PMBC) with Mitsubishi Chemical Corporation (MCC). The Company has a 50% share in the jointly controlled entity which has total authorized share capital of USD 12 million or approximately Baht 360 million. On March 29, 2011, the Company made payment of Baht 180 million for its shares in this business. PTTLNG

PTTLNG’s Board of Directors’ meeting No.3/2011 held on March 31, 2011 and No.8/2011 held on July 27, 2011 passed resolutions to call for payment of additional authorized share capital of Baht 1,200 million and Baht 610.61 million, respectively. The Company made the share payment on May 31, 2011 and September 30, 2011, respectively. On December 2, 2011, PTTLNG called for further payment of additional authorized share capital of Baht 2,954.15 million. The Company made this share payment on December 30, 2011. B.Grimm BIP

On April 4, 2011, B.Grimm BIP’s shareholders’ meeting No.1/2011 passed a resolution to increase authorized share capital by Baht 114 million, from Baht 21.50 million to Baht 135.50 million, by issuing 1.14 million additional shares with a par value of Baht 100 each. The Company paid Baht 26.22 million for these additional shares on April 12, 2011, in proportion to its shareholding.


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