Shareholder Information

Shareholder Information

Major Shareholders

List of Major Shareholders

Listed are the names and shareholdings of the largest shareholders as of 11 August 2020, the latest closing date of the shareholder register book. (After Board of Directors of the Stock Exchange of Thailand passed a resolution to delist the Company’s ordinary shares from being listed securities effective from 11 July 2020 onward.)

  Number of Shares As of 11 August 2020
Number of
Shares		 Percentage of
shareholding
1. Krung Thai Bank Public Company Limited 4,499,394,589 40.488
2. The Siam Commercial Bank Public Company Limited 4,469,534,816 40.219
3. TISCO Bank Public Company Limited 874,888,641 7.873
4. Sahaviriya Group Corporation Limited 159,756,038 1.438
5. CITIBANK NOMINEES SINGAPORE PTE LTD-UBS SWITZERLAND AG   125,794,772 1.132
6. Mr. Sushin  Rattanasirivilai 100,079,689 0.901
7. SIX SIS LTD 66,665,575 0.600
8. Mr. Viroj  Eungpaiboon 59,966,879 0.540
  Distribution of shareholding by nationality As of 11 August 2020
Total Number of Shares Percentage of Shareholding
THAI SHAREHOLDERS         13,905  shareholders 10,818,370,577 97.35
FOREIGN SHAREHOLDERS  110  shareholders 294,647,703 2.65

Foreign Limit

The Company’s foreign shareholding was limited at 49% of the paid-up capital. As of 30 December   2020, the Company’s foreign shareholding was 2.65% of the paid-up capital.

Dividend Payment

Dividend Policy

The Company has a policy to pay dividend at a rate of not less than 25% of net profit after income tax, legal reserve, and other reserves, from the Company’s separated financial statements in each year. Dividend payment; nonetheless, depends on economic conditions, operating profit, investment plans, covenant in various contracts, and other appropriated factors, both at present and in the future.

According to the Board of Directors’ resolution on the dividend payment, the shareholders’ meeting shall approve dividend payment unless there is an interim dividend payment in which the Board of Directors is authorised to approve interim dividend payment. In this case, such payment should be submitted to the next meeting of shareholders for acknowledgement.

As for the dividend policy of the Company’s subsidiaries, the Company does not fix any particular rates of dividend payment. It depends on the operational results of each subsidiary, and the Board of Directors of that subsidiary will make the decision concerning dividends on a case-by-case basis.

However, while the business rehabilitation has not been terminated by the Court’s order, the Company as the plan administrator shall not pay dividends or any other benefits similar to dividends to the shareholders unless the Creditors Committee approved to do so.

On 16 April 2020, the Board of Directors’ meeting No. 6/2020 of Sahaviriya Steel Industries Public Company Limited as the Plan Administration by the Central Bankruptcy Court’s order on 15 December 2016, as the red case No.For.8/2016, had resolution that no dividend payment shall be made for the operating results of the year 2019, as the Company had retained deficit as at 31 December 2019. Therefore, the Company was unable to allocate dividend payment to shareholders.