News Detail

Date/Time
27 Feb 2018 19:49:00
Headline
Dividend Payment, Date and Agendas of the 2018 Annual General Meeting of Shareholders (AGM)
Symbol
TPP
Source
TPP
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                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).
______________________________________________________________________
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