The Minutes of the 2013 Annual General ... - Investor Relations

policy and the cash flows; it was found that the total dividend payment in 2012 will be Baht 1.25 pershare, amounting to approximately Baht 1,721 million. There were two dividend payments, namely, forthe first-half-year operations of 2012, at the rate of Baht 0.35 per share (The interim dividend waspaid on September 21, 2012); and the second-half-year operations of 2012 is at the rate of Baht 0.90per share.The dividend of Baht 0.30 per share will be paid from the net profit with 30% CorporateIncome Tax, the dividend of Baht 0.15 per share will be paid from the net profit with 23% CorporateIncome Tax, and the dividend of Baht 0.45 per share will be paid from the net profit with the net lossfrom no more than 5 years prior to the present accounting period.The Board of Directors has considered proposing the shareholders to approve in respect ofthe allocation of profit from retained earnings for dividend payment for the second-half-year operationsof 2012 at the rate of Baht 0.90 per share which will be paid from the net profit with 30%, 23% and0% Corporate Income Tax by Baht 0.30, 0.15 and 0.45 per share respectively. The total 2012dividend will be Baht 1.25 per share from retained earning profit including the interim dividend for thefirst-half-year operations of 2012 at the rate of Baht 0.35 per share; therefore, the 2012 dividendpayment will approximately be Baht 1,721 million. The date to list shareholders who are entitled toreceive dividend on March 6, 2013, and list shareholders’ names according to Section 225 of theSecurities and Exchange Act. B.E.2535 (Amended B.E.2551) by closing the shareholders’ registrationbook on March 7, 2013. The dividend payment date is on April 24, 2013.The Chairman asked the Meeting if there were any questions or comments. There werecomments as follows:Proxy Holder(Mr. ThammanoonJunlamaneechote)Shareholder andProxy Holder(Mr. ChatreeCharoennueng)The Chairman: Commented that 1) In 2011, the Company amended its dividend policywhich should be endorsed by shareholders and not solely by the Board.2) The Clarification of Department of Business Development ofAccounting Practices in Dividend Payment in accordance with PublicLimited Companies Act B.E. 2535 prescribed that the Company shall payout the dividend from separate financial statements not consolidatedfinancial statements; therefore, any information presented should bebased on separate financial statements.: Commented that dividend payments complies with the aforementionedbut proposed that interim dividend should be higher.: Clarified that 1) Dividend payments are dependent on the Company’ssituation and performance. Though its policy prescribed that theCompany shall pay out dividend at the rate of not less than 30 percent of- 10 -