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The top 11 shareholders of PTT Plc as of 29 May 2020

No. Name No. of Shares % of Total Shares
1. Ministry of Finance 14,598,855,750 51.11
2. Vayupak Fund 1 by MFC Asset Management Plc 1,736,895,500 6.08
3. Vayupak Fund 1 by Krung Thai Asset Management Plc 1,736,895,500 6.08
4. Thai NVDR Co., Ltd. 1,462,447,998 5.12
5. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 572,602,103 2.00
6. Social Security Office 538,355,200 1.88
7. STATE STREET EUROPE LIMITED 387,927,495 1.36
8. ชุมนุมสหกรณ์ออมทรัพย์แห่งประเทศไทย จำกัด 366,396,500 1.28
9. GIC PRIVATE LIMITED 218,951,400 0.77
10. THE BANK OF NEW YORK (NOMINEES) LIMITED 193,355,400 0.68
11. EGAT SAVING AND CREDIT COOPERATIVE LIMITED 183,871,800 0.64

Note:

1. Number 5 and 10 were nominee accounts. PTT’s investigation at Thailand Securities Depository Co., Ltd. (TSD), found that the ultimate shareholder’s names could not be disclosed. However, the Ministry of Finance remained the sole majority shareholder on behalf of the State, which in part dictated PTT’s management policy. The ministry nominated directors to the Board for approval by the shareholders. Other substantial shareholders, including Number 5 and 10, exercised no influence over PTT’s management policy formulation, including director nomination.

2. Shareholders of Thai NVDR Co., Ltd., who held non-voting depository receipts (NVDR) in Number 2, were ineligible for voting at shareholders’ meetings except when exercising their voting rights on delisting the shares from SET.