MAJOR CINEPLEX GROUP - Translation -
No. LMJG/SET/2016/001
February 17, 2016
Subject: Informing on the Resolutions of the Board of Director Meeting No.1/2016, dividend payment and agenda of AGM 2016
Attention: The President
The Stock Exchange of Thailand
The Board of Director Meeting of Major Cineplex Group Public Company Limited ("the "Company"), No. 1/2016, held on 17 February 2016 has passed the following resolutions;
Agreed to propose the Company's financial statements and profit and loss accounts for year 2015, ended on 31 December 2015, which was audited by the auditor for shareholders' approval in the forthcoming Annual General Meeting ("AGM").
Approved and agreed to propose in the forthcoming AGM year 2016 to consider the following matters;
To consider and approve the payment of dividend for the period during 1 January 2015 to 31 December 2015 at the rate of dividend on ordinary shares at the rate of THB 1.15 per share or 87.79% of net profit per share, of which the Company has paid interim dividend for the period during 1 January 2015 - 30 June 2015 at the rate of THB 0.55 per share or THB 490,661,818 and will pay the remaining dividend at the rate of THB 0.60 per share or THB 535,511,795 for the period during 1 July 2015
- 31 December 2015. The total of dividend payment is THB 1,026,173,613. The Share Register Book of the Company will be closed for the purpose of determining the right of Shareholders to receiving the dividend on 18 April 2016 (Record Date). Also, 19 April 2016 shall be the date for collecting shareholders names under Section 225 of the Securities and Exchange Act. The payment of the dividend will be made on 4 May 2016.
To consider and re-select the following 3 directors all of whom are due to retire from their tenures, as directors of the Company for another term.
Mr. Somchainuk Engtrakul Chairman of the Board
Mr. Vicha Poolvaraluk Chief Executive Officer
Mr. Wichai Poolvaraluk Director
To consider and approve the payment of the remuneration of the directors of the Company for the year 2016 at the total amount of THB 13 million as follows:
Remuneration of THB 7.2 million divided into;
For the Board of Directors: To be paid to the Chairman at the rate of THB 872,600 per year, and to directors and the independent directors at the rate of THB 5,454,600 per year.
For the Audit Committee: To be paid to the Chairman of the Audit Committee at the rate of THB 177,300 per year, and to the other member at the rate of THB 136,000 per year.
For the Remuneration and Compensation Committee: To be paid to each member of such Committee at the rate of THB 109,000 per year.
For the Executive Committee: To be paid to the Chairman of the Executive Committee at the rate of THB 177,300 per year, and to other member at the rate of THB 272,800 per year.
Special remuneration of THB 5.8 million
To consider and approve the appointment of the auditors from PricewaterhouseCooper ABAS namely; Mr. Paibook Tunkoon CPA License no. 4298, Mr. Kajornkiet Aroonpirodkul CPA License no. 3445 Mr. Boonlert Kamolchanokkul CPA License no. 5339 and Mr. Chanchai Chaiprasith CPA License no. 3760. The remuneration of the said auditors shall be at the rate of THB 7,270,000 which such remuneration has included the auditors' fee for the subsidiaries of the Company.
To approve for the AGM of the year 2016 to be held on 5 April 2016 at 10.00 am. The venue will be Major Cineplex Ratchayothin, (Theater No.14) 1839, 1839/1-6 Phaholyothin Road, Ladyao, Jatuchak, Bangkok. The names of shareholders to attend AGM of the year 2016 will be specified on 3 March 2016 (Record Date) and, by the section 225 in Securities and Exchange Act, the names of shareholders will be compiled by closing the shareholders register book on 4 March 2016.
Approved the following agendas for the AGM of the year 2016:
Agenda 1 To consider approving the Minutes of the Annual General Meeting of Shareholders of the year 2015 held on 2 April 2015.
Agenda 2 To acknowledge the Company's operating performance in the year 2015.
Agenda 3 To consider approving the Balance Sheet and the Statement of Income for the year ended December 31, 2015.
Agenda 4 To consider the appropriation of profit to pay dividend for Year 2015. Agenda 5 To consider the election of directors to replace those retiring by rotation.
Agenda 6 To consider fixing remuneration and meeting allowance for directors for 2016. Agenda 7 To consider appointing an auditor and fix the audit fee for 2016.
Agenda 8 Other business (if any).
.
Yours faithfully,
- signed -
(Ms. Thitapat Issarapornpat) Company Secretary
Major Cineplex Group pcl issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 February 2016 12:01:15 UTC
Original Document: http://ir.listedcompany.com/tracker.pl?type=6&id=510795
