BTS Group Holdings Public Company Limited Approves Special Dividend for the Nine Month Period Ended December 31, 2019, Payable on May 8, 2020
April 08, 2020 at 08:22 am
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The Board of Directors' Meeting of BTS Group Holdings Public Company Limited held on April 8, 2020 passed a resolution to approve the company to pay the special dividend payment from the operating results of the nine-month period ended December 31, 2019 and retained earnings pursuant to the separate financial statements to the shareholders of the company, at the rate of THB 0.15 per share (15 Satang per share), or approximately THB 1,973.2 million in total. In this regard, the Board of Directors considered and concurred that the Company has sufficient retained earnings and excess liquidity. Moreover, in the light of the COVID-19 outbreak, the Board of Directors would like to extend their support and care to shareholders, and deems the special dividend payment to be more appropriate than the company's share repurchase program. In this regard, the Company sets the date for determining the names of shareholders who shall be entitled to receive the special dividend (Record Date) on April 22, 2020, and the payment date of the special dividend on May 8, 2020. The details on tax credit claims on the special dividend by the individual shareholders under the criteria of Section 47 bis of the Revenue Code are: For the dividend of THB 0.0650 per share (6.50 Satang per share), which will be payable from the net profit for nine-month period (April 1, 2019 - December 31, 2019) and retained earnings of the Company that is subject to the corporate income tax at the rate of 20% of the net profit, individual shareholders are entitled to claim the tax credits at the rate of 20/80 times of the dividend received; and for the dividend of THB 0.0850 per share (8.50 Satang per share), which will be payable from the dividend revenues derived from business entities that are exempted from the corporate income tax calculation base, individual shareholders cannot claim any tax credits therefrom.
BTS Group Holdings Public Company Limited is a Thailand-based holding company. It operates through three segments: Move segment, Mix segment and Match segment. Its Move business provides daily door-to-door transportation to people across multiple modes, whether on rail, road, water or air. Its Mix business comprises of a media and marketing platform underpinned by useable data which can be leveraged to develop business operations and performance. It is the integration of both the Offline-to-Online (O2O) solutions services and a data marketplace operating. Its Match segment captures opportunities and creates synergies by sharing system platform to the Group and business partners. Its business comprises the Companyâs diversified property portfolio such as its land bank and an investment in U City and its other associates including a construction services company and food business company. Its subsidiaries include Bangkok Mass Transit System Plc. and Northern Bangkok Monorail Co., Ltd.