TTW Public Company Limited Announces Board Changes; Announces Additional 2015 Dividend Payment Payable on April 25, 2015
February 25, 2016 at 12:49 pm
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TTW Public Company Limited announced that the Board of Directors at their meeting held on February 25, 2016, approved the resignation from office of Mr. Narong Sangsuriya effective from 13th January 2016 onwards and approved the appointment of Mr. Phongsarit Tantisuvanichkul replacing as Board of Directors, member
or Executive Committee being effective from 25th February 2016.
The board further approved the additional 2015 dividend payment at the rate of THB 0.30 per share or a total amount of THB 1,197 million. This is in addition to an interim dividend payment previously paid at the rate of THB 0.30. The record date specifies the list of shareholders entitle to receive dividend is on 10th March 2016 and the list of shareholders shall be complied pursuant to Section 225 of the Securities and Exchange Act by closing of the share register book to suspend the share transfer on 11th March 2016. The dividend payment date is set on 25th April 2015.
TTW Public Company Limited is a Thailand-based company, which is engaged in the production and sale of treated water to the Provincial Waterworks Authority (PWA) in the vicinity of West Bangkok. The Company produces tap water by pumping raw water from the middle course of the Tha Chin River into the tap water production process at its water treatment plant on the east side of the river at Bang Rakam Sub-District, Banglen District, Nakhon Pathom Province. It has built a chemical storage building separate from the water treatment plants to store chemicals before they are automatically added into the water production system. The Tap water produced from the Banglen water treatment plant is stored in water storage tanks with a capacity of about 30,000 cubic meters, and the tap water at the Krathum Baen water treatment plant is stored in two connected water storage tanks with a capacity of about 25,000 and 20,000 cubic meters. The Company has raw water and tap water distribution system.