News Detail
Date/Time
03 Mar 2021 12:53:00
Headline
Schedule of the 2021 Annual General Meeting of Shareholders No. 27 and dividend payment (Revised)
Symbol
CIMBT
Source
CIMBT
Schedule of Shareholders' meeting Subject : Schedule of Annual General Meeting of Shareholders Date of Board resolution : 23-Feb-2021 Shareholder's meeting date : 12-Apr-2021 Beginning time of meeting (h:mm) : 10 : 00 Record date for the right to attend the : 10-Mar-2021 meeting Ex-meeting date : 09-Mar-2021 Significant agenda item : - Cash dividend payment Venue of the meeting (Update) : To physical meeting at The Ballroom, Anantara Siam Bangkok Hotel Remark (Update) : Ref. CIMBT OFP 035/2021 3 March 2021 Subject: Schedule of the 2021 Annual General Meeting of Shareholders No. 27 and dividend payment To: The President The Stock Exchange of Thailand The Board of Directors' meeting of CIMB Thai Bank Public Company Limited ("CIMB Thai" or the "Bank") No. 2/2021, held on 23 February 2021, passed resolutions to determine the date of the 2021 Annual General Meeting of Shareholders No. 27 ("AGM") to be held on Monday, 12 April 2021 at 10.00 a.m. through electronic media channel only in accordance with the Emergency Decree on Electronic Meetings, B.E. 2563. It will be broadcast live via electronic media from the Auditorium Room, 9th floor, CIMB Thai Bank Public Company Limited Head Office, 44 Langsuan Road, Lumpini, Patumwan, Bangkok 10300. However, due to the relaxation of government's preventive and control measures for infectious diseases in terms of controlled areas and holding of activities, on 2 March 2021 Mr. Paul Wong Chee Kin, the President and CEO, through his delegation by the Board of Directors decided to change a mode of meeting from electronic to physical meeting at The Ballroom, Anantara Siam Bangkok Hotel, 155 Rajdamri Road, Lumpinin, Patumwan, Bangkok 10330, with the businesses on the agenda as follows: Agenda item 1 To acknowledge the Bank's operating results for the year 2020 Board of Directors' opinion: The Board deems it appropriate for the AGM to acknowledge the Bank's operating results for the year 2020 as shown in the 2020 Annual Report. Agenda item 2 To consider and approve the statements of financial position and the statements of comprehensive income for the fiscal year ended 31 December 2020 Board of Directors' opinion: The Board deems it appropriate for the AGM to approve the statements of financial position and the statements of comprehensive income for the fiscal year ended 31 December 2020, which have been audited and certified by the auditor of the Bank. Agenda item 3 To consider and approve the appropriation of profit for the year 2020 and payment of dividend Board of Directors' opinion: The Board deems it appropriate for the AGM to approve the appropriation of profit for the year 2020 to the statutory reserve for THB 111,300,000. The remaining net profit after appropriation is required to be carried forward in the amount of THB 2,102,975,939.27 as retained earnings. The dividend payment for the operating results of 2020 shall be made at the rate of THB 0.005 per share, totaling THB 174,111,308.74, which complies with the Bank's dividend payment policy. The Bank will specify the names of the shareholders who have the right to receive the dividend payment on Thursday, 22 April 2021 (Record Date), and the dividend payment shall be made on Friday, 7 May 2021. Agenda item 4 To consider and approve the re-election of the directors retiring by rotation Board of Directors' opinion: The Board (excluding directors with beneficial interest) considers it proper as recommended by the Nomination, Remuneration and Corporate Governance Committee ("NRCC") to propose for the AGM to approve the re-election of the four members of the Board of Directors, i.e. Dato' Robert Cheim Dau Meng, Mrs. Oranuch Apisaksirikul, Mr. Chanmanu Sumawong and Encik Omar Siddiq Bin Amin Noer Rashid, who are due to retire by rotation, as the Bank's directors for another term. The Board views that the four nominated persons possess the required qualifications, skills, knowledge, capabilities and experience in the specific fields essential to the Bank, with dedication to the Bank's operations and adherence to code of ethics, work profile transparency and independence in expression of viewpoints. All of them are fully qualified as the Bank's directors under the applicable laws/regulations and the Bank's Articles of Association Agenda item 5 To consider and ratify the postponement of effective date of the new directors' remuneration rates approved by the AGM No. 26 and approve the directors' remuneration for the year 2021 Board of Directors' opinion: The Board considers it proper as recommended by the NRCC to propose for the AGM's consideration as follows: 1. To ratify the postponement of effective date of the new directors' remuneration rates approved by the AGM No. 26, from 1 January 2021 to 1 July 2021, which was previously approved by the Board as recommended by the NRCC. 2. To approve maintaining the remuneration rates for the Board and Board Committee members as approved by the AGM No. 26 for the year 2021, as tabulated below: 1. Remuneration for Board members: THB/person Position 2021 Monthly Allowance (Chairperson's Allowance) Meeting Allowance (Monthly) Attendance Allowance - Chairman 140,000 50,000 50,000 - Director Nil 50,000 50,000 Remarks: 1. Directors are responsible for paying their own income tax. 2. Attendance allowance will be paid once regardless of meeting frequency per month. 2. Remuneration for Board Committee members: THB/person Position 2021 Monthly Allowance (Chairperson's Allowance) Meeting Allowance (Monthly) Attendance Allowance (Per Time) 1. Audit Committee - Chairperson 50,000 Nil 50,000 - Committee member Nil Nil 50,000 2. Other Committees (i.e. Nomination, Remuneration and Corporate Governance Committee; and Board Risk and Compliance Committee) - Chairman 50,000 Nil 50,000 - Committee Member Nil Nil 50,000 Remarks: 1. Director are responsible for paying their own income tax. 2. Attendance allowance will be paid on a per meeting basis. Agenda item 6 To consider and approve the appointment of the auditor and determination of the audit fee for the year 2021 Board of Directors' opinion: The Board considers it proper as recommended by the Audit Committee to propose for the AGM to appoint PricewaterhouseCoopers ABAS Ltd., represented by Mr. Boonlert Kamolchanokkul (CPA License No. 5339) and/or Ms. Sinsiri Thangsombat (CPA License No. 7352) and/or Mr. Paiboon Tunkoon (CPA License No. 4298), as CIMB Thai Group's auditor for the year 2021, and to determine the audit fees for 2021 of THB 12,039,000 for the Bank, as well as to acknowledge the audit fee of THB 2,860,000 for CIMB Thai - Vientiane Branch and the subsidiaries of the Bank, making up the total audit fees of CIMB Thai Group of THB 14,899,000 for the year 2021. Agenda item 7 Other matters (if any) The Bank has set Wednesday, 10 March 2021 as the date of determining the names of shareholders entitled to attend the AGM No. 27 (Record Date). Please be informed accordingly. Sincerely yours, - Patima Jumpasut - (Mrs. Patima Jumpasut) Company Secretary Company Secretary Office of the President Tel. +66 2638 8287 ______________________________________________________________________ Dividend payment / Omitted dividend payment Subject : Cash dividend payment Date of Board resolution : 23-Feb-2021 Type of dividend payment : Cash dividend payment Record date for the right to receive : 22-Apr-2021 dividends Ex-dividend date : 21-Apr-2021 Payment for : Common shareholders Cash dividend payment (baht per share) : 0.005 Par value (baht) : 0.50 Payment date : 07-May-2021 Paid from : Operating period from 01-Jan-2020 to 31-Dec-2020 Remark : Agenda item 3 To consider and approve the appropriation of profit for the year 2020 and payment of dividend Board of Directors' opinion: The Board deems it appropriate for the AGM to approve the appropriation of profit for the year 2020 to the statutory reserve for THB 111,300,000. The remaining net profit after appropriation is required to be carried forward in the amount of THB 2,102,975,939.27 as retained earnings. The dividend payment for the operating results of 2020 shall be made at the rate of THB 0.005 per share, totaling THB 174,111,308.74, which complies with the Bank's dividend payment policy. The Bank will specify the names of the shareholders who have the right to receive the dividend payment on Thursday, 22 April 2021 (Record Date), and the dividend payment shall be made on Friday, 7 May 2021. ______________________________________________________________________ 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. 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