News
Clarification on Development Plan of Suvarnabhumi Airport
(Translation)
Ref. No. 10072
16 December 2009
Subject: Additional Clarification on Development Plan of Suvarnabhumi Airport and Sale of Shares in King Power Duty Free Company Limited
To: President, The Stock Exchange of Thailand
Airports of Thailand Public Company Limited (AOT) had previously informed that the Board of Directors, at the Meeting No. 14/2009 held on Tuesday, December 8, 2009 at the Board of Directors Meeting Room, 7th Floor, Head Office Building, has resolved to approve the Development Plan of the SA (fiscal year 2010 - 2016) with investment budget of Baht 76,504.577 Million (including 10% contingency, 7% VAT and interest during construction of Baht 2,764.800 Million) and to approve the Sale of Shares in King Power Duty Free Company Limited.
AOT would like to additionally inform of the above-mentioned matters as follows:
1. AOT will provide details of the Development Plan of the SA to be proposed to the Ministry of Transport and related parties, and to the Cabinet for approval of the investment budget. Upon the approval of the Development Plan of the SA, AOT will proceed with this matter in accordance with the Notification of the Capital Market Supervisory Board No. Tor Chor. 20/2008 regarding Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets later.
2. The sale of shares in King Power Duty Free Company Limited is not considered a transaction under the Notifications of the Capital Market Supervisory Board No. Tor Chor. 20/2008 regarding Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and No. Tor Chor. 21/2008 regarding Rules on Entering into Connected Transactions.
Please be informed accordingly.
Yours sincerely,
SHANALAI CHAYAKUL
Company Secretary
Authorized person
Corporate Secretary Office
Tel. 0-2535-5657
Fax. 0-2535-5540
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