20 June 2000
ADDITIONAL INFORMATION ON THE PURCHASE OF SHARES IN GEC
No. EGCO 310/319
Date June 20, 2000
Attn : The President of the Stock Exchange of Thailand
Subject : Additional Information on the Purchase of Shares in Gulf Electric
Public Company Limited
According to Share Sale and Purchase Agreement between Electricity Generating
Public Company Limited (EGCOMP) and Siam City Cement Public Company Limited (SCCC)
on the date of May 31, 2000, EGCOMP shall purchase 87,500,000 shares or 50% stake
in Gulf Electric Public Company Limited (GEC) from SCCC and the purchase transaction
shall be occurred upon the fulfillment of the conditions precedent provided in the
Share Sale and Purchase Agreement.
Now, such conditions precedent provided in the Share Sale and Purchase Agreement
has already been fulfilled and EGCOMP has planned to purchase the aforementioned
shares by June 20, 2000.
Yours sincerely,
Sitthiporn Ratanopas
Managing Director