News Detail

Date/Time
27 Feb 2017 21:28:00
Headline
BOD resolution,operational results,omit dividend payment, par value changing and 2017 AGM
Symbol
ITEL
Source
ITEL
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                Changing the Par Value

Subject                                  : Splitting the par value
Date of Board resolution                 : 27-Feb-2017
Old par value (baht per share)           : 1.00
New par value (baht per share)           : 0.50
Remark                                   :
The reason for changing in the par value is to increase the liquidity of stocks 
that are traded in the market.
______________________________________________________________________

Meeting schedule of securities holders

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 27-Feb-2017
Meeting date                             : 25-Apr-2017
Beginning time of meeting (h:mm)         : 09 : 00
Record date for the right to attend the  : 15-Mar-2017
meeting
Book closing date for collecting holders : 16-Mar-2017
 names under Section 225 of the 
Securities and Exchange Act
Ex-meeting date                          : 13-Mar-2017
Significant agenda item                  :
  - Omitted dividend payment
  - Change of par value
  - Session 1       Matter to be informed
Session 2       Consider for the approval of 2016 Minute of Annual General Meeting 
of Shareholders, held on 21 April  2016
Session 3      Consider for the approval of 2016 operation results
Session 4       Consider for the approval of the financial statements for the year 
ended 31 December 2016
Session 5       Consider for the approval of 2016 Net Profits' allocation
Session 6       Consider for the approval of change in par value of common stock 
from Baht 1 each to Baht 0.50 each
Session 7       Consider for the approval of amendment of the Memorandum of 
Association No. 4 according to the change of par value of common stock
Session 8       Consider for the appointment of the committee who completed the tem
 of retirement
Session 9           Consider for the appointment of new directors as Audit Committee
Session 10    Consider for the approval of stipulation the director's authority
Session 11    Consider for the approval of directors' remuneration
Session 12       Consider for the approval of the appointment of the Auditor and 
settle 2017 audit fee
Session 13       Consider for the approval of the Prohibitive Actions of Business 
Domination by Foreigner
Session 14       Consider for others
Venue of the meeting                     : Grand Suvanabhumi, No. 48 Interlink 
Building, Ratchadapisek Road, Huay Khwang, Bangkok
Remark                                   :
Approved to set up the date of Annual General Meeting of Shareholders for 2017 
to be on April 25, 2017 at 9.00 a.m. at Grand Suvanabhumi, No. 48 Interlink
Building, Ratchadapisek Road, Huay Khwang, Bangkok. The names of shareholders to
attend the AGM 2017 will be specified on March 15, 2017, by the section 225 in
Securities and Exchange Act, the names of shareholders will be complied by
closing the shareholders registration book on March 16, 2017.
______________________________________________________________________

Dividend consideration

Subject                                  : Omit dividend payment
Date of Board resolution                 : 27-Feb-2017
Omitted dividend payment from            :
    Operating period from 01-Jan-2016 to 31-Dec-2016
Remark                                   :
To approve the exempt of dividend payment from 2016 net income because the 
Company is still during startup period and has low operation cash flow. In
addition, the Company still needs funding in order to expand and improve the
fiber optic network as well as use in operation.
    However, there is uncertainty according to the exempt of dividend payment from 
2016 net because it has yet to be approved by the Company's Annual General
Meeting of the Shareholders.
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