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07 May 2010
Reports on shareholders' resolutions
May 7, 2010
To: President
The Stock Exchange of Thailand
Re: Reports on shareholders' resolutions
The 2010 Annual Ordinary General Meeting of the Shareholders of BEC
World Plc. was held this afternoon and the following resolutions were made
during the meeting:
1. The Meeting approved the Minutes of the Annual General Shareholder
Meeting of 2009 as proposed by 1,792,460,999 votes or equal to 99.88% of
the quorum, disagreed of 0 vote or equal to 0.00% of the quorum, and
abstentions of 2,111,300 votes or equal to 0.12% of the quorum.
2. The Meeting acknowledged the report of the Company's activities in year
2009 as proposed by the Board of Director.
3. The Meeting approved the balance sheet and the profit and loss statement of
the Company for the fiscal year ended December 31, 2009 as proposed with
1,821,095,612 votes or equal to 99.88% of the quorum, disagreed of 0 vote
or equal to 0.00% of the quorum, and abstentions of 2,209,396 votes or
equal to 0.12%of the quorum.
4. The meeting approved profit allocation for the year 2009 and approval for
dividend payment with 1,827,277,945 votes or equal to 99.88% of the
quorum, disagreed of 0 vote or equal to 0.00% of the quorum, and
abstentions of 2,111,300 votes or equal to 0.12%of the quorum, details of
profit allocation are as follows:
a) Allocating for additional dividend for company operating result in
2009, at the rate of Baht 0.80 per share, totally, Baht 1,600,000,000.-,
which to be combined with interim dividend payment in 2009, at the rate
of Baht 0.50 per share. In conclusion, the Company will pay dividends
for all operating result in 2009 at the rate of Baht 1.30 per share,
totally Baht 2,600,000,000.- (Two thousand and six hundred million
Baht), equivalent to 98.68% of the consolidated net profit. This
dividend payment will be paid first from profit which subject to 30%
income tax,and will be paid on May 26, 2010, to the shareholders whose
names are appeared in the Record Date on April 7, 2010 and the Company's
share register book which was closed on April 8, 2010 to determine the
name of the shareholders who are entitled to receive the dividends in
accordance with Section 225 of the Securities and Exchange Act.
b) Remaining for unallocated profit is Baht 332,249,873.- in the
Company's financial statement and Baht 2,246,380,253.- in the
consolidated financial statement.
5. The meeting re-elected all 4 directors, who are due by rotation retire as
directors for another term, details of the votes are as follows:
1.) Mr.Arun Ngamdee received approved votes by the shareholder of
1,812,312,993 votes or equal to 99.07%of the quorum, disagreed of
14,974,950 votes or equal to 0.82%of the quorum, and abstentions of
2,111,302 votes or equal to 0.12%of the quorum.
2.) Mr.Prathan Rangsimaporn received approved votes by the shareholder of
1,812,312,993 votes or equal to 99.07%of the quorum, disagreed of
14,974,950 votes or equal to 0.82%of the quorum, and abstentions of
2,111,302 votes or equal to 0.12%of the quorum.
3.) Mr.Manit Boonprakob approved votes by the shareholder of
1,825,323,543 votes or equal to 99.78% of the quorum, disagreed of
1,964,400 votes or equal to 0.11%of the quorum, and abstentions of
2,111,302 votes or equal to 0.12%of the quorum.
4.) Mr.Mathew Kichodhan received approved votes by the shareholder of
1,785,415,293 votes or equal to 97.60% of the quorum, disagreed of
35,933,650 votes or equal to 1.96% of the quorum, and abstentions of
8,050,302 votes or equal to 0.44% of the quorum.
6. The meeting appointed 2 additional independent directors, details of the
votes are as follows:
1.) Mr.Chansak Fuangfu received approved votes by the shareholder of
1,827,287,943 votes or equal to 99.88% of the quorum, disagreed of
0 votes or equal to 0.00%of the quorum, and abstentions of 2,111,302
votes or equal to 0.12%of the quorum.
2.) Mr.Somchai Boonnamsiri received approved votes by the shareholder of
1,815,458,993 votes or equal to 99.24% of the quorum, disagreed of
0 votes or equal to 0.00% of the quorum, and abstentions of 13,940,252
votes or equal to 0.76% of the quorum.
7. The meeting fixed the remuneration of directors for the year 2010 by
approval of 1,827,287,945 votes or equal to 99.88% of the quorum,
disagreed of 0, vote or equal to 0.00% of the quorum, and abstentions of
2,111,300 votes or equal to 0.12% of the quorum, details of the
remuneration are as follows:
A. Meeting allowance for the Chairman of the Board of Director shall be
fixed at Baht 15,000.- per each meeting. For other directors shall be
fixed at Baht 10,000.- for each person per each meeting. The meeting
allowance for every director in any sub-committee shall be fixed at Baht
10,000.- for each person per each meeting. The total meeting allowance
of the year 2010 shall be limited to not exceed Baht 1,500,000.-.
B. Compensation at the amount of Baht 18 million; shall be fixed for all
directors, for the year 2010, which is to be appropriated among them by
the Board of Director.
8. The meeting appointed Dr. Virach Aphimeteetamrong, CPA# 1378 and/or Mr.
Chaiyakorn Aunpitipongsa CPA# 3196 and/or Mr. Apiruk Ati-anuwat CPA#
5202, of Dr. Virach & Associates Office as the Company's auditors for the
fiscal year 2010, and fixed the audit fee for the Company group at the
amount of Baht 5,795,000.-, being for the Company's account of Baht
1,290,000.- by approval of 1,821,349,145 votes or equal to 99.56% of the
quorum, disagreed of 0 vote or equal to 0.00% of the quorum, and
abstentions of 8,050,300 votes or equal to 0.44% of the quorum.
Please be informed accordingly.
Yours faithfully,
(Mr. Chatchai Thiamtong)
Vice President - Finance