News Detail

Date/Time
27 Feb 2017 22:22:00
Headline
Determination of the Date of the Annual General Meeting of Shareholders for the Year 2017
Symbol
AUCT
Source
AUCT
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                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)         : 10 : 00
Record date for the right to attend the  : 14-Mar-2017
meeting
Book closing date for collecting holders : 15-Mar-2017
 names under Section 225 of the 
Securities and Exchange Act
Ex-meeting date                          : 10-Mar-2017
Significant agenda item                  :
  - Dividend payment
Venue of the meeting                     : Meeting Room, No. 518/28, Soi 
Ramkhamhaeng 39 (Thepleela 1), Wangthonglang Sub-District, Wangthonglang
District, Bangkok 10310
Remark                                   :
Registration No. 0107555000341
(Translation)
AUCT-OP 26/2560
    27 February 2017
Subject:    Determination of the Date of the Annual General Meeting of Shareholders
 for the Year 2017
To:    The President
    The Stock Exchange of Thailand
The Board of the Directors' Meeting No. 1/2017 which was held on 27 February 
2017 has passed the important resolutions which can be summarized as follows:
1.    Approved the balance sheet and the profit and loss statements for the fiscal 
year ended 31 December 2016 which was audited by the Company's auditor and this
matter will be proposed to the shareholders' meeting for further consideration
and approval.
2.    Approved not to appropriate the net profit as the legal reserve of the 
Company since The Company's legal reserves was full 10 percent of the registered
capital in the year 2014 and approved the dividend payment for operating
results of the year 2016 at the rate of Baht 0.22  per share, for 550,000,000
shares, totaling Baht 121,000,000 (Baht One Hundred and Twenty One Million
Only). The interim dividend was paid Baht 0.10 per share on 7 September 2016 and
the remaining dividend will be paid at the rate of Baht 0.12 per share. The
date on which the recorded shareholders are entitled to receive the dividend
(Record Date) was fixed to be on 14 March 2017 and the closing date on which
name list of shareholders is compiled under Section 225 of the Securities and
Exchange Act B.E. 2535 (1992) (as amended B.E. 2551 (2008)) by closing the Share
Register Book to suspend share transfers was fixed to be on 15 March 2017. The
dividend payment will be made on 9 May 2017. This matter will be proposed to the
 shareholders' meeting for further consideration and approval.
3.    Approved the change of the authority table re: customers' credit line and 
this matter will be proposed to the shareholders' meeting for further
consideration and approval.
4.    Approved the election of the 2 directors to replace the directors who retire 
by rotation, namely Mr. Sarawut Jarujinda and Mr. Varunyoo Sila to be directors
of the Company for another term and this matter will be proposed to the
shareholders' meeting for further consideration and approval.
5.    Determined the remuneration of the directors for the year 2017 and the annual
 bonus of the directors for the year 2016:
The remuneration of the directors for the year 2017 is not exceeding Baht 
5,500,000 and will only be paid to non-executive directors with the details as
follows:
Remuneration    Year 2017
(proposed at this Meeting)    Year 2016
1.    Monthly Salary        
Chairman of the Board of Directors    Baht 40,000     per month    Baht 40,000     per month
Chairman of the Audit Committee    Baht 35,000     per month    Baht 35,000     per month
Vice Chairman of the Board of Directors    Baht 35,000     per month    Baht 35,000     per 
month
Member of the Audit Committee    Baht 30,000     per month per person    Baht 30,000     per
 month per person
Directors    Baht 30,000     per month per person    Baht 30,000     per month per person
Total    not exceeding to Baht 2.5 million per year    not exceeding to Baht 2.5 
million per year
2.    Annual Bonus    Consider from performance     Consider from performance
Total    not exceeding to Baht 2.6 million per year    not exceeding to Baht 2.6 
million per year
3.    Other Benefits        
    Health insurance, Life Insurance and accident insurance    Insurance premium: not 
exceeding to Baht 20,000 per person per year    Insurance premium: not exceeding to
 Baht 20,000 per person per year
And proposed to the shareholders' meeting to authorize the Nomination and 
Remuneration Committee to have the power to determine the details in relation to
 the amount of remuneration each director will receive.

The annual bonus of the directors for the year 2016 will only be paid to 
non-executive directors with the details as follows:
Annual Bonus    Year 2016
(proposed at this Meeting)    Year 2015
Chairman of the Board of Directors    Baht 600,000    Baht 600,000
Chairman of the Audit Committee    Baht 500,000         Baht 500,000
Vice Chairman of the Board of Directors    Baht 500,000    Baht 500,000     
Member of the Audit Committee    Baht 400,000 per person    Baht 400,000 per person
Directors    Baht 400,000 per person    Baht 400,000 per person
Total    not exceeding to Baht 2.6 million     not exceeding to Baht 2.6 million

This matter will be proposed to the shareholders' meeting for further 
consideration and approval.
6.    Approved the appointment of Mrs. Nattaporn Phan-Udom, Certified Public 
Accountant No. 3430 or Mr. Pisit Thangtanagul, Certified Public Accountant No.
4095 or Mr. Kajornkiet Aroonpirodkul, Certified Public Accountant No. 3445 of
PricewaterhouseCoopers ABAS Limited to be the auditors of the Company for the
fiscal year ended 31 December 2017. In the case where the above auditors cannot
perform their duties, PricewaterhouseCoopers ABAS Limited will provide other
certified public accountants for the Company and the determination of their
remuneration to be Baht 1,870,000. This matter will be proposed to the
shareholders' meeting for further consideration and approval.
7.    Determined the date of the Annual General Meeting of Shareholders for the 
Year 2017 to be on Wednesday 25 April 2017 at 10.00 a.m., at Meeting Room, No.
518/28, Soi Ramkhamhaeng 39 (Thepleela 1), Wangthonglang Sub-District,
Wangthonglang District, Bangkok 10310,  to consider the following agenda:
1.    To consider and adopt the minutes of the Annual General Meeting of 
Shareholders for the Year 2016;
2.    To acknowledge the Report of the Board of Directors regarding the operating 
results of the Company for the year 2016;
3.    To consider and approve the balance sheet and the profit and loss statements 
for the fiscal year ended 31 December 2016;
4.    To consider and approve the appropriation of the net profit as legal reserve 
and the dividend payment for the operating results of the year 2016;
5.    To consider and approve the change of the authority table re: customers' 
credit line;
6.    To consider and approve the election of directors to replace the directors 
who retired by rotation;
7.    To consider and approve the determination of the remuneration of the 
directors for the year 2017 and the annual bonus of the directors for the year
2016;
8.    To consider and approve the appointment of the auditors and the determination
 of the remuneration of the auditors for the year 2017;
9.    To consider other matters (if any).
8.    Determined the date on which the recorded shareholders have the right to 
attend the Annual General Meeting of Shareholders for the Year 2017 (Record
Date) to be on 14 March 2017, and the closing date on which name list of
shareholders is compiled under Section 225 of the Securities and Exchange Act
B.E. 2535 (1992) (as amended B.E. 2551 (2008)) by closing the share register
book to suspend share transfers to be on 15 March 2017.
9.    Authorized Mr. Thepthai Sila to have the power to amend and/or determine the 
date, time, place and agenda for the Annual General Meeting of Shareholders for
the Year 2017 as deemed appropriate.
Please be informed accordingly.
    
 
Yours sincerely,
Union Auction Public Company Limited


-Signature-
(Mr. Thepthai Sila)
Director
Authorized Signatory
______________________________________________________________________
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