News Detail

Date/Time
28 Feb 2017 20:15:00
Headline
Resolution of the Board of Directors' Meeting No.1/2017 (AGM for the year 2017 / Cash Dividend Payment)
Symbol
CCP
Source
CCP
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                Change of director/Executive

No. CM.1/60/016
    28 February 2017

Subject:    Resolution of the Board of Directors' Meeting No.1/2017 (AGM for the 
year 2017 / Cash Dividend Payment)

Attention:    The President
The Stock Exchange of Thailand

Pursuant to the meeting of the Board of Directors of Chonburi Concrete Product 
Public Company Limited ("the Company") No.1/2017 held on 28 February 2017, the
Company would like to disseminate the resolutions as detailed follows:

1.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve the Company's separate financial statement and the
consolidated financial statement of the Company and its subsidiaries for the
year ended 31 December 2016 and to acknowledge the auditor's report.

2.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve a decrease in registered capital of THB 377,480.50 by
reducing unpaid ordinary shares amounting 1,509,922 shares at par value of THB
0.25 that is used to accommodate the exercising of CCP-W2 which was expired and
invalid since 1 October 2016 onwards. After the following decreasing registered
capital, the Company shall have registered capital and paid-up capital of THB
692,007,545.25 consisting of 2,768,030,181 common stocks at par value of THB
0.25.

3.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve to amend the Memorandum of Association Article.4 in
accordance with the decrease in registered capital.

4.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve the allocation of net profit for the year 2016 as
additional legal reserve amounting THB 2,700,000.

5.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve the dividend payment for the year 2016. In this regard, the
dividend payment shall be paid in cash at rate of THB 0.022 per share,
totalling THB 60,896,664. Nonetheless, such dividend payment is subject to
change upon the approval from the Annual General Meeting for the year 2017. In
the event that shareholders approve the following dividend payment, the Board of
Directors shall determine the record date for shareholders who are entitled to
receive the dividend on 11 May 2017, the date of book closing to collect the
names of shareholders, according to Securities and Exchange Act B.E. 2535
(Section 225), on 12 May 2017 and set the dividend payment date on 24 May 2017.

6.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve the appointment of directors replacing of 3 directors who
retired by rotation as detailed follows:
(1)    Mr. Chatree      Tantiyawarong            as    Chairman of Audit Committee and 
Director
    (Re-elected at the same incumbent for another term)
(2)    Mr. Daorit    Tongnim    as    Director
    (Re-elected at the same incumbent for another term)
(3)    Mr. Samarn     Chuajeen    as    Director
    (Appoint to replace Mr. Sirisak Bhudthipatheep who opts to step down due to 
other duties)

7.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve an amendment of the list of authorized directors acting on
behalf of the Company.
From "Mr. Pratheep Theepakornsukkasem or Mr. Arthit Theepakornsukkasem together 
with Mrs. Chonticha Theepakornsukkasem or Mr. Narong Banyen or Mr.Sirisak
Bhudthipatheep jointly sigh their names, with the Company's common seal being
affixed".

To "Mr. Pratheep Theepakornsukkasem or Mr. Arthit Theepakornsukkasem together 
with Mrs. Chonticha Theepakornsukkasem or Mr. Narong Banyen jointly sigh their
names, with the Company's common seal being affixed".

8.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve a remuneration to the Board of Directors for the year 2017
.
(1)    Meeting Allowance
Position    Meeting Allowance
(THB / time)    Maximum amount of meeting allowance paid
(THB / person / year)
Chairman of the Board of Directors    30,000    200,000
Directors
(Director and Independent Committee )    20,000    120,000
Chairman of Audit Committee    25,000    150,000
Audit Committee    20,000    120,000

(2)    A reward for the Board of Directors is set upon the Company's performance 
each year with no greater than THB 2,000,000 and Chairman of the Board of
Directors shall have absolute control of the payment to each committee.
In this regard, the following remuneration will be effective from 1 January 2017
 onwards until noticing any change from the shareholders meeting's resolution.

9.    To submit for approval at the Annual General Meeting for the year 2017 to 
consider and approve to appoint:
1.    Mr. Methee Ratanasrimetha     the auditor who holds license no. 3425, or
2.    Mr. Pisit Chevareungroj         the auditor who holds license no. 2803, or
3.    Mr. Akkaradech Piensakul         the auditor who holds license no. 2389 or
4.    Mr. Korramann Jaturapornprom     the auditor who holds license no. 6210
From M.R. & Associates Co., Ltd as the Company's auditor for the year 2017. In 
this regard, the audit fee for the Company will be set at THB 2,520,000 per
annum and the entire audit fee for the Company and its subsidiaries will not
exceed THB 5,622,000.

10.    To determine the date for the Annual General Meeting for the year 2017 to be
held on 26 April 2017 at 10.00 a.m. at Borthong Room, Choninter Hotel No.934
Sukhumvit Road, Tambon Bangsoi, Amphor Muang, Chonburi Province. The record date
for shareholders who are entitled to attend the Annual General Meeting for the
year 2017 will be on 16 March 2017 and the book closing date for collecting the
name of shareholders, according to Securities and Exchange Act B.E. 2535
(Section 225), will be on 17 March 2017. Agenda of the Meeting shown as below:
Agenda 1. To consider and certify the Minutes of the Annual General Meeting 2016
 held on 27 April 2016.
Agenda 2. To acknowledge the Board of Directors' report regarding the Company 
performance for the year 2016.
Agenda 3. To consider and approve the Company's separate financial statement and
the consolidated financial statement of the Company and its subsidiaries ended
31 December 2016 and acknowledge the auditor's report.
Agenda 4. To consider and approve a decrease in registered capital that is used 
to accommodate the exercising of CCP-W2.
Agenda 5. To consider and approve to amend the Memorandum of Association 
Article.4 in accordance with the decrease in registered capital.
Agenda 6. To consider and approve the allocation of net profit for the year 2016
 as a legal reserve.
Agenda 7. To consider and approve the cash dividend payment from the Company's 
operating result for the year 2016 from net profit and retained earnings.
Agenda 8. To consider and approve the appointment of directors replacing of 
directors who retired by rotation for the year 2017.
Agenda 9. To consider and approve the amendment of the list of authorized 
directors acting on behalf of the Company.
Agenda 10. To consider and approve the remuneration of the directors for the 
year 2017.
Agenda 11. To consider and approve to appoint auditors and the audit fee for the
 year 2017.
Agenda 12. To consider other matters (If any).

Accordingly, the Company would like extend mode to disseminate the information 
towards shareholders by distributing the invitation letter and documents for
Annual General Meeting for the year 2017 and the 2016 Annual Report which will
be immediately announced when it is completed on the Company's website at
www.ccp.co.th.

Please be informed accordingly,

Best regards,

.........................................
(Mr. Pratheep Teepkornsukasaem)
Chairman of the Board of Directors
Chonburi Concrete Product Public Company Limited
______________________________________________________________________

Dividend consideration

Subject                                  : Cash dividend payment
Date of Board resolution                 : 28-Feb-2017
Type of dividend payment                 : Cash dividend payment
Record date for the right to receive     : 11-May-2017
dividends
Book closing date for collecting         : 12-May-2017
shareholders names under Section 225 of 
the Securities and Exchange Act
Ex-dividend date                         : 08-May-2017
Payment for                              : Common shareholders
Cash dividend payment (baht per share)   : 0.022
Par value (baht)                         : 0.25
Payment date                             : 24-May-2017
Paid from                                :
    Operating period from 01-Jan-2016 to 31-Dec-2016  and retained Earnings
______________________________________________________________________

Meeting schedule of securities holders

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 28-Feb-2017
Meeting date                             : 26-Apr-2017
Beginning time of meeting (h:mm)         : 10 : 00
Record date for the right to attend the  : 16-Mar-2017
meeting
Book closing date for collecting holders : 17-Mar-2017
 names under Section 225 of the 
Securities and Exchange Act
Ex-meeting date                          : 14-Mar-2017
Significant agenda item                  :
  - Dividend payment
  - Capital reduction
  - Changing the director(s)
Venue of the meeting                     : Choninter  Hotel
______________________________________________________________________
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