For sustainable growth, the Company has set divided policy for the 2015 onwards to be not less than 35 percent of net income after tax of the separate financial statements. However, in case the Company still suffers accumulated loss, it cannot pay dividend as specified in its Articles of Association. In addition, subject to the Company’s regulation on rights and duties of the debenture issuer, the Company can pay dividend in the amount of not more than 60% of the net profit of such particular year. Nevertheless, the Board of Directors may pay interim dividend to shareholders from time to time if deemed appropriate that the Company’s profit is sufficient to do so, and report to the subsequent meeting of shareholders for acknowledgement.
On 9 August 2016, the meeting of the Company’s Board of Directors No. 8/2016 passed a resolution to approve the Company’s payment of interim dividend at Baht 0.50 per share on 6 September 2016.
According to the resolution the Board of Directors’ Meeting No.2/2017 on February 21, 2017, the Board of Directors resolved to propose to annual shareholders’ meeting of 2017 on 21 April 2017 resolved to approve the allocation of profit of 2016 for the operation period from 1 January to 31 December 2016 to be dividend payment to shareholders at the rate of Baht 1.05 per share, of which the remaining dividend is Baht 0.55 per share to be paid on 09 May 2017.
Nevertheless, the Company has set up condition in maintaining the conditions for making dividend payment according to the Loan Agreement, that is, the Company shall not pay dividend, be it interim or annual dividend, or distribute any benefit or remuneration to any or all shareholders by any means or method unless all of the following events take place In a complete manner:
(1) the Company has not breached the Loan Agreement and
(2) the Company has presented the evidence for consideration by the creditors and is of the opinion that in the year in which any dividend and/or benefit and/or remuneration shall be paid, the Company has provided reserve in a sufficient amount to fully pay all the interest and principal due in the year in which any dividend and/or benefit and/or remuneration shall be paid.
For the subsidiaries, there is no certain policy regarding dividend payment, it depends on the operational result of each company each year.
|Board Date||X-Date||Payment Date||Dividend Type||Dividend