Letter No.:
Subject:
To:
Headline:
Security Symbol:
Announcement Details
EGCO CS/123/2025
Dividend Payment and the Shareholders' Annual General Meeting for Year 2025
President of the Stock Exchange of Thailand
Dividend Payment and the Shareholders' Annual General Meeting for Year 2025 (Revised)
EGCO
Schedule of Shareholders' meeting | |
Subject | Schedule of Annual General Meeting of Shareholders |
Date of Board resolution | 28-Feb-2025 |
Shareholder's meeting date | 11-Apr-2025 |
Beginning time of meeting (hh:mm) | 14 : 00 |
Record date for the right to attend the meeting | 14-Mar-2025 |
Ex-meeting date | 13-Mar-2025 |
Significant agenda item | - Cash dividend payment |
- Changing / renewal of the term of the director(s) | |
Venue of the meeting | E-AGM |
Agenda Item 1 | |
Agenda Detail (Update) | To consider and approve the minutes of the |
Shareholders' 2024 Annual General Meeting | |
Type | To Consider and approve |
Board's Resolution |
The minutes of the 2024 Annual General Meeting have been reviewed and found to be accurate and complete. The Board of Directors recommends that the Shareholders approve the minutes at the 2025 Annual General Meeting.
Agenda Item 2 | |
Agenda Detail (Update) | To acknowledge the Company's Performance in 2024 |
Type | To acknowledge |
Board's Resolution |
The Company's performance for 2024 is satisfactory. The Board of Directors recommends that the Shareholders acknowledge the Company's 2024 performance and the future's action plans.
Agenda Item | 3 |
Agenda Detail | To consider and approve the financial statements for the |
year ended 31 December 2024 | |
Type | To Consider and approve |
Board's Resolution
The financial statements for the year ended December 31, 2024, have been audited and reviewed by the Auditor and the Audit Committee. The Board of Directors recommends that the Shareholders approve the 2024 financial statements.
Agenda Item 4 | |
Agenda Detail (Update) | To consider and approve the dividend payment from |
operating results of 2024 | |
Type | To Consider and approve |
Board's Resolution (Update) |
The Shareholders' Annual General Meeting should acknowledge the interim dividend payment of THB 3.25 per share for the first half of 2024, which was distributed on September 27, 2024. Additionally, the Board of Directors recommends that the Shareholders approve the final dividend payment of THB 3.25 per share from the net profit, payable on April 23, 2025. The right to receive the dividend remains uncertain and is subject to approval at the 2025 Annual General Meeting.
Dividend payment / Omitted dividend payment | |
Subject | Cash dividend payment |
Date of Board resolution | 28-Feb-2025 |
Type of dividend payment | Cash dividend payment |
Record date for the right to receive dividends | 14-Mar-2025 |
Ex-dividend date | 13-Mar-2025 |
Payment for | Common shareholders |
Cash dividend payment (baht per share) | 3.25 |
Par value (baht) | 10.00 |
Payment date | 23-Apr-2025 |
Paid from | Operating period from 01-Jul-2024 to 31-Dec-2024 |
Agenda Item 5 | |
Agenda Detail (Update) | To consider the appointment of auditor and to |
determine the audit fee | |
Type | To Consider and approve |
Board's Resolution |
The Shareholders' meeting should approve the appointment of the auditors from PwC, the audit fee for the year 2025 of THB 4,311,000, and the out-of-pocket expenses for audit work in Thailand of not exceeding THB 215,000.
More detail Agenda Item 5
The Shareholders' Annual General Meeting should consider the appointment of the following auditors and the determination of the audit fee.
- Ms. Amornrat Pearmpoonvatanasuk, Certified Public Accountant (Thailand) No. 4599, Ms. Wanvimol Preechawat, Certified Public Accountant (Thailand) No. 9548, Mr. Boonrueng Lerdwiseswit, Certified Public Accountant (Thailand) No. 6552 and Ms. Rodjanart Banyatananusard, Certified Public Accountant (Thailand) No. 8435, of PwC to be the Company's auditors, anyone being authorized to conduct the audit and provide the opinions on the financial statements of the Company with the audit fee for the year 2025 of THB 4,311,000 and the out-of-pocket expenses for audit work in Thailand of not exceeding THB 215,000. Expenses incurred from any offshore audit work of the auditors shall be borne by the Company.
- Authorization to the Board of Directors to appoint PwC's alternate certified public accountants in case of absence of the appointed auditors.
- Authorization to the Board of Directors to approve the audit fee incurred by EGCO for reviewing financial statements of any newly established subsidiaries, associated, and joint venture companies in 2025.
Auditors Appointment | |
No 1 | |
Auditor Name | MS. AMORNRAT PEARMPOONVATANASUK |
CPA License No. | 4599 |
Accounting and Audit firm | PRICEWATERHOUSE COOPERS ABAS LIMITED |
Audit End Date | 31-Dec-2025 |
No 2 | |
Auditor Name | MR. BOONRUENG LERDWISESWIT |
CPA License No. | 6552 |
Accounting and Audit firm | PRICEWATERHOUSE COOPERS ABAS LIMITED |
Audit End Date | 31-Dec-2025 |
No 3 | |
Auditor Name | Miss RODJANART BANYATANANUSARD |
CPA License No. | 8435 |
Accounting and Audit firm | PRICEWATERHOUSE COOPERS ABAS LIMITED |
Audit End Date | 31-Dec-2025 |
No 4 | |
Auditor Name | MISS WANVIMOL PREECHAWAT |
CPA License No. | 9548 |
Accounting and Audit firm | PRICEWATERHOUSE COOPERS ABAS LIMITED |
Audit End Date | 31-Dec-2025 |
Agenda Item 6 | |
Agenda Detail (Update) | To consider and determine the directors' remuneration |
Type | To Consider and approve |
Board's Resolution |
The Meeting should determine the bonus for 2024's performance to be awarded at 0.5% of the Company's new profit with a maximum cap of THB 25 million, while maintaining other directors' 2025 remuneration at the same rate as in 2024.
More detail Agenda Item 6
- The bonus amount shall be awarded at 0.5% of the Company's net profit with a maximum cap at THB 25 million. The allocation of the bonus shall be at the discretion of the Board of Directors. The Chairman and Vice Chairman of the Board would receive 25% and 10% additional bonus allocation, respectively.
- The Directors' fee and meeting allowance should be maintained at THB 30,000 per month and THB 10,000 per time, respectively. The Chairman and Vice Chairman of the Board would receive 25% and 10% additional remuneration for both retainer fee and meeting allowance. Any absent directors would not receive the meeting allowance.
- The remuneration of Board's sub-committees, namely Audit Committee, Risk Oversight Committee, Investment Committee, Nomination and Remuneration Committee, and Corporate Governance and Sustainability Committee would be maintained as in 2024. Additionally, the Chairman of each Sub-Committee would receive 25% additional remuneration for both the retainer fee and meeting allowance. Any absent directors would not receive the meeting allowance.
- There was no other benefit granted to the Board of Directors or the Sub-Committees.
- Authorization to the Board of Directors to approve remuneration for the committees which are established or change during the year.
Agenda Item 7 | |
Agenda Detail (Update) | To consider and elect directors to replace the retiring |
directors | |
Type | To consider and approve the appointment of directors |
Board's Resolution |
The Shareholders' meeting should re-elect the following directors: Mrs. Nujchanart Laohathaimongkol (independent director),
Mr. Thepparat Theppitak, Mrs. Patcharin Rapeepornpong, and Mr. Shinichiro Suzuki (all non-executive directors), and Ms. Jiraporn Sirikum (executive director).
Change of director/Executive | |
Re-election | |
Director Name | Mr. SHINICHIRO SUZUKI |
Position in company (1) | DIRECTOR |
Effective Date (1) | 19-Apr-2022 |
Change of director/Executive | |
Re-election | |
Director Name | Mr. THEPPARAT THEPPITAK |
Position in company (1) | DIRECTOR |
Effective Date (1) | 12-Nov-2019 |
Change of director/Executive | |
Re-election | |
Director Name | Mrs. PATCHARIN RAPEEPORNPONG |
Position in company (1) | DIRECTOR |
Effective Date (1) | 01-May-2024 |
Change of director/Executive | |
Re-election | |
Director Name | Miss JIRAPORN SIRIKUM |
Position in company (1) | PRESIDENT |
Effective Date (1) | 01-May-2024 |
Change of director/Executive | |
Re-election | |
Director Name | Mrs. NUJCHANART LAOHATHAIMONGKOL |
Position in company (1) | INDEPENDENT DIRECTOR |
Effective Date (1) | 19-Apr-2022 |
Agenda Item 8 | |
Agenda Detail | To consider other agenda |
Type | To Consider and approve |
The company hereby certifies that the information above is correct and complete.
Signature _________________
(MS.Jiraporn Sirikum)
President
Authorized person to disclose information
Corporate Secretary Division
Tel 02 998 5020-27
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