27 Feb 2018 19:49:00
Dividend Payment, Date and Agendas of the 2018 Annual General Meeting of Shareholders (AGM)
Schedule of Shareholders' meeting Subject : Schedule of Annual General Meeting of Shareholders Date of Board resolution : 27-Feb-2018 Shareholder's meeting date : 11-Apr-2018 Beginning time of meeting (h:mm) : 09 : 30 Record date for the right to attend the : 15-Mar-2018 meeting Ex-meeting date : 14-Mar-2018 Significant agenda item : - Cash dividend payment - Changing the director(s) Venue of the meeting : Conference room of TPP where located at 9/9 Moo 6, Kingkaew Road, Rachatheva, Bangplee, Samutprakarn 10540 Remark : 1. TPP will pay dividend payment for the operation from 1st January to 31st December 2017 at Baht 0.34 per share for the issued and paid-up 37,500,000 shares. The dividend will be paid to the shareholders within 10th May 2018, as the case maybe, is uncertainty as it has not yet been approved by meeting of shareholders. 2. The 2018 The AGM will be held on 11th April, 2018 at 09.30 a.m. at the conference room of TPP where located at 9/9 Moo 6, Kingkaew Road, Rachatheva, Bangplee, Samutprakarn10540 Tel 02-175-2201-8. 3. TPP will identify rightful shareholders who may both attend the 2018 AGM and receive dividend on 15th March 2018. ______________________________________________________________________ Change of director/Executive To elect retired directors to replace the retired directors by rotation According to the Company's Articles of Association, at each annual ordinary meeting of shareholders, one-third of the directors will retire from office. This year 4 directors must retire by rotation. They are: 1. Mr. Tirapong Asvinvichit 2. Dr. Varun Taepaisithpongse 3. Mr. Chatchai Eiaskul 4. Mr .Udom Nilparuk During period of 19th- 31st January 2018, TPP, on company website, invited all shareholders to propose qualified candidates for a directorship. Despite the invitation, neither candidates were proposed. The Nominating and Remuneration Committee undertook nomination procedures for candidates most appropriate and beneficial to TPP in compliance with TPP directors' quorum, qualification, wisdom, talents, experience and expertise. The Nominating and Remuneration Committee proposed to re-elect the retired directors. Board's Opinion: After due consideration, the Board, excluding the directors who have conflict of interest in this matter, agreed to propose to shareholders approve 1. Mr. Tirapong Asvinvichit 2. Dr. Varun Taepaisithpongse 3. Mr. Chatchai Eiaskul and 4. Mr. Udom Nilparuk to re-elect the retired by rotation ______________________________________________________________________ Dividend payment / Omitted dividend payment Subject : Cash dividend payment Date of Board resolution : 27-Feb-2018 Type of dividend payment : Cash dividend payment Record date for the right to receive : 15-Mar-2018 dividends Ex-dividend date : 14-Mar-2018 Payment for : Common shareholders Cash dividend payment (baht per share) : 0.34 Par value (baht) : 10.00 Payment date : 10-May-2018 Paid from : Operating period from 01-Jan-2017 to 31-Dec-2017 Remark : Approval for the dividend payment for the 2017 operation results. Board's Opinion: It is expedient to propose that the shareholders approve to pay dividend payment for the year 2017. TPP has the policy to pay a dividend not less than 50 percent of the net profit after deduction of income tax under the Company Statement of Financial Position and pay to the shareholders next year. From the Company Statement of Financial Position year 2017 TPP has net profit of Baht 16,621,300 deducted with the legal reserved of Baht 831,065 so the company has retained earnings profit before allocation of Baht 15,790,235 and consider to allocate as a dividend payment at Baht 0.34 per share for 37,500,000 shares which has total amount is Baht 12,750,000 (80.75 % of net profit after deduction of income tax) comparing with dividend payment for the year 2016 at Baht 0.30 per share (73.28 % of net profit after deduction of income tax). ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.