Resolution of BOD: Special dividend payment, revise dividend policy
04 November 2010
Dividend consideration
Subject : Cash dividend payment
Date of Board resolution : 04-Nov-2010
Type of dividend payment : Cash dividend payment
Book closing for the right to receive : 19-Nov-2010
dividend payment
Ex-dividend date : 16-Nov-2010
Dividend payment rate
Common share (baht per share) : 0.00
Special dividend (baht per share) : 6.00
Par value (baht) : 1.00
Payment date : 03-Dec-2010
Operating period :
Retained Earnings
______________________________________________________________________
The Company approved to revise the dividend policy as follow;
"Company aims to pay dividend at least 100% of net profit. Historically, the
company has been paying over 100% during the past four years. In the near
future, the industry is going through some structural changes, which will be
clearer once the 3G license and, if any, the change in status of the present
contracts with TOT/CAT gain more visibility. In the meantime, the company
intends to maintain flexibility to preserve long-term growth potential.
Company aims to pay dividend to shareholders twice a year. The first dividend
payment shall be paid as an interim dividend, which will be distributed from the
operating results of the first half period of the year, subjected to the Board
of Directors resolution and shall be reported to the shareholders at the next
shareholders meeting. The second dividend payment shall be paid as an annual
dividend, which will be distributed from the operating results of the second
half period of the year, subjected to shareholders approval.
Each subsidiary shall consider its dividend payment based upon its operating
results, financial conditions, and other factors.
The annual and interim dividend payments could be subjected to change, depending
on cash flow and investment plan including any other future obligations of
Company and subsidiaries. Such dividend payment shall not exceed the retained
earnings in the Company Financial Statement nor adversely affect the Company and
subsidiaries ongoing operations."
______________________________________________________________________