TrueSuccess - True Corporation Public Company Limited

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54 ANNUAL REPORT 2004 TRUE CORPORATION PUBLIC COMPANY LIMITEDRemuneration for the Companyûs Directors and the Executive Officers(1) Remuneration of the DirectorThe 20 committee members are remunerated Baht 37.20 million for the Year 2004.Details of Remuneration of each Director are as follows:ChairmanHonorary ChairmanVice ChairmanDirectorBaht 300,000 per monthBaht 200,000 per monthBaht 150,000 per monthBaht 100,000 per monthIn this connection, any director being the Companyûs employee shall receive the directorûs remuneration in addition tohis salary as employee.Furthermore, Independent Directors who hold a position in the Committee, shall receive the remuneration as follows:Independent Director who is alsoBaht 300,000 per monththe Chairman of the CommitteeIndependent Director who is alsoBaht 200,000 per montha member in the CommitteeWhereby the remuneration of the Independent Directors who are not the member in the Committee and directors who arenot the Independent Directors shall remain the same.(2) Remuneration of the Executive OfficersThe 8 executives at the top level received remuneration totaling Baht 96.05 million for the Year 2004 from January toDecember, which included Baht 85.20 million for salary, Baht 6.94 million for bonus and Baht 3.90 million for provident fund.(3) Other Compensation(3.1) Employee Stock Option Plan 2004(3.2) Employee Stock Option Plan 2003(3.3) Employee Stock Option Plan 2002(3.4) Employee Stock Option Plan 2000(3.1) Employee Stock Option Plan 2004The Extraordinary General Shareholders Meeting No. 2/2547 of the Company for the year 2004 held on 10 th June2004 has approved the issuance and the offer of non-transferable warrants to purchase the Companyûs ordinary shares tocertain Directors and employees at executive level totaling not exceeding 35 persons. Summary details are as follows:
ANNUAL REPORT 2004 TRUE CORPORATION PUBLIC COMPANY LIMITED55Number of Warrants Issued and Outstanding: 18,274,444 unitsDate of Issuance : 7 th February 2005Maturity: 5 years from the issuance dateDate of Expiry : 6 th February 2010Exercise PeriodExercise Ratio: Each Warrant Holder received 3 separate warrant certificates.Each certificate represented 1/3 of the whole amount ofwarrants allotted and shall be exercisable for subscribingordinary shares as follow:The 1 st Certificate: Warrant Holders shall be starting exercisingfrom 7 th February 2006 until its expiration.The 2 nd Certificate: Warrant Holders shall be starting exercisingfrom 7 th February 2007 until its expiration.The 3 rd Certificate: Warrant Holders shall be starting exercisingfrom 7 th February 2008 until its expiration.: One unit of warrants entitles to purchase one ordinaryshare at Baht 11.20(3.2) Employee Stock Option Plan 2003The Annual General Shareholders Meeting of the Company for the year 2003 held on April 11, 2003 has approved theissuance and the offer of non-transferable warrants to purchase the Companyûs ordinary shares to certain Directors andemployees at executive level totaling not exceeding 35 persons. Summary details are as follows:Number of Warrants Issued and Outstanding(as at 28 th February 2005): 18,097,664 unitsDate of Issuance : 17 th June 2003Maturity: 5 years from the issuance dateDate of Expiry : 16 th June 2008
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TrueSuccess - True Corporation Public Company Limited

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