POLYPLEX (THAILAND)
28 May 2015
To : Managing Director
The Stock Exchange of Thailand
Subject : To report the resolutions of the Board of Directors' Meeting No. 2/2015
The Meeting of the Board of Directors of Polyplex (Thailand) Public Company Limited (the
1. That the report on the Company's operating results be acknowledged.
2. That the Company's Audited balance sheet and the profit and loss statements for the financial year ended 31 March 2015 which has been audited by the certified public accountant and reviewed by the Audit Committee, be approved.
3. That the dividend payment for the FY 2014-15, as per following details be proposed to the shareholders for their consideration and approval:
For the financial year from 1 April 2014 to 31 March 2015, a dividend payout of Bt 0.10/ share is being proposed for shareholder consideration and approval.
Record date be fixed as August 5, 2015 and the shareholder list as specified in Section 225 of the Securities and Exchange Act, be determined as per the
book-closure date of August 6,2015
Dividend payment date be fixed as August 20, 2015
The dividend payment will be made from retained earnings of accumulated
BOI reserves and is hence exempt from any withholding tax
4. That the Record date of June 26,2015 in order to determine the shareholder entitlement to attend the 2015 Annual General Meeting of Shareholders and the shareholder list as specified in Section 225 of the Securities and Exchange Act, determined as per the book- closure date of June 29,2015 be approved.
5. That the 2015 Annual General Meeting of Shareholders be held on July 25th 2015 at
1.30 p.m at the Hall of Fame, Hotel Hard Rock Pattaya, 429 Moo 9, Pattaya Beach Road, Chonburi 20150, Thailand to consider the following agenda:
To certify the Minutes of the 2014 Annual General Meeting of Shareholders dated July 29, 2014.
To acknowledge the report on the Company's operating results and to approve the Directors' Report.
To consider and approve the Company's audited balance sheet and profit and loss statements for the year ended 31st March 2015.
To consider and approve the distribution of dividend for the FY 2014-15.
To consider and approve the appointment of directors to replace those retiring by rotation and to determine the remuneration of all Directors.
To consider and approve the appointment of auditors and their remuneration.
To consider other business (if any)
6. That the re-appointment of Dr. Virabongsa Ramangkura, Mr. Sanjiv Saraf and Mr.
Manish Gupta who would retire by rotation, as the directors for another term be proposed to the shareholders for their consideration and approval.
That, the following remuneration package to the Independent Directors viz Mr. Manu Leopairote, Dr. Virabongsa Ramangkura, Mr. Praphad Phodhivorakhun and Mr. Shiraz Erach Poonevala for the financial year 2015-16 be proposed to the shareholders for their consideration and approval:
Baht 75,000 per month per Director.
Additional Baht 25,000 per month to Mr.Manu Leopairote in his capacity as
Chairman of the Board of Directors and Baht 25,000 per month in his capacity as
Chairman of the Audit Committee.
Sitting fees of Baht 10,000 per person, per Audit committee meeting, for the Audit committee members viz Mr. Manu Leopairote, Dr. Virabongsa Ramangkura and Mr. Shiraz Erach Poonevala.
7. That the appointment of Mr. Chayapol Suppasedtanon (CPA No. 3972) and/or Ms.
Pimjai Manitkajohnkit (CPA No. 4521) and/or Ms. Sumana Punpongsanon (CPA No.
5872) and /or Ms. Rosaporn Decharkom (CPA No. 5659) of EY Office Limited as the auditors of the Company and the remuneration of the auditors for the financial year
2015-16 as proposed be submitted to the shareholders meeting for their consideration
and approval.
Yours faithfully,
Mr.Amit Prakash
Managing Director
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