News Detail

Date/Time
25 Apr 2017 17:21:00
Headline
Notification of the Resolutions of the Annual General Meeting of Shareholders for the Year 2017
Symbol
AUCT
Source
AUCT
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                Resolution of securities holders

Subject                                  : Shareholders meeting's resolution
Meeting date                             : 25-Apr-2017
Meeting's resolution                     : Accordingly approved with board's 
resolution
Remark                                   :
Registration No. 0107555000341
(Translation)
AUCT-OP 76/2560
    25 April 2017
Subject:    Notification of the Resolutions of the Annual General Meeting of 
Shareholders for the Year 2017
To:    The President
    The Stock Exchange of Thailand
The Annual General Meeting of Shareholders for the Year 2017 of Union Auction 
Public Company Limited which was held on 25 April 2017 has passed the important
resolutions which can be summarized as follows:
1.    Adopted the minutes of the Annual General Meeting of Shareholders for the 
Year 2016 by the unanimous votes of the shareholders who attended the Meeting
and cast their votes as follows:
Approved by    384,750,502    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
2.    Acknowledged the report of the Board of Directors regarding the operating 
results of the Company for the year 2016.
3.    Approved the balance sheet and the profit and loss statements for the fiscal 
year ended 31 December 2016 which were audited by the Company's auditors by the
unanimous votes  of the shareholders who attended the Meeting and cast their
votes as follows:
Approved by    384,810,502    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
4.    Approved not to appropriate the net profit as legal reserve since the Company
appropriated net profit as legal reserve by 10% of its registered capital in
2014, and the dividend payment for the 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 was approved by the unanimous votes of the shareholders who attended
 the Meeting and cast their votes as follows:
Approved by    384,810,502    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
5.    Approved the change of the authority table re: customers' credit line by the 
unanimous votes of the shareholders who attended the Meeting and cast their
votes as follows:
Approved by    384,881,202    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
6.    Approved the election of the 2 directors who retired by rotation to be 
directors of the Company for another term and to hold the same positions by
voting for each director individually as per the following votes:
1.    Mr. Sarawut  Charuchinda: The Meeting resolved with the unanimous votes of 
the shareholders who attended the Meeting and cast their votes to approve the
election of such director to be a director of the Company, holding the position
of Member of the Audit Committee / Member of the Risk Management Committee /
Independent Director for another term, as per the following votes:
Approved by    384,881,202    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
2.    Mr. Varunyoo  Sila: The Meeting resolved with the unanimous votes of the 
shareholders who attended the Meeting and cast their votes to approve the
election of such director to be a director of the Company, holding the position
of Member of the Risk Management Committee / Executive Committee / Deputy
Managing Director for another term, as per the following votes:
Approved by    384,881,202    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
7.    Approved the determination of the remuneration of the directors for the year 
2017 in the amount not exceeding Baht 5,100,000, only paid to non-executive
directors, with the details as follows:
    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    ? Baht 2.5 million per year    ? Baht 2.5 million per year
2.    Annual Bonus    Consider from performance and will only be paid to non-executive
directors    Consider from performance and will only be paid to non-executive
directors
Total    ? Baht 2.6 million     ? Baht 2.6 million
3.    Other Benefits        
    Health Insurance, Life Insurance and Accident    Premiums are not over Baht 20,000
 per year per person
And approved the authorization to the Nomination and Remuneration Committee to 
have the power to determine the details in relation to the amount of
remuneration each director will receive.
Moreover, approved the annual bonus of the directors for the year 2016 in the 
amount not exceeding Baht 2,600,000, only 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 30,000     per person
Total    ? Baht 2.6 million     ? Baht 2.6 million

The matters were approved by the unanimous votes of the total number of votes of
 the shareholders who attended the Meeting as follows:
Approved by    384,881,202    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    0.00    percent
Voided by    0    votes    equivalent to    0.00    percent
8.    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 Company's auditors for the fiscal
year ended 31 December 2017. In the case where the above auditors cannot perform
their duties, PricewaterhouseCoopers ABAS Limited shall provide other certified
public accountants for the Company. And approved the determination of the
remuneration of the auditors for the year 2017 in the amount of Baht 1,870,000.
The matters were approved by the majority votes of the shareholders who
attended the Meeting and cast their votes as follows:
Approved by    384,590,002    votes    equivalent to    99.92    percent
Disapproved by    291,700    votes    equivalent to    0.08    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent
9.    Approved the amendment of Clause 43 of the Company's Articles of Association 
by the unanimous votes  of the shareholders who attended the Meeting and cast
their votes as follows:
Approved by    384,881,7 02    votes    equivalent to    100.00    percent
Disapproved by    0    votes    equivalent to    0.00    percent
Abstained by    0    votes    equivalent to    -    percent
Voided by    0    votes    equivalent to    -    percent

Please be informed accordingly.


Yours sincerely,
Union Auction Public Company Limited


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