News Detail

Date/Time
08 Jun 2020 17:36:00
Headline
2020 Annual General Meeting of Shareholders and Record Date
Symbol
ESSO
Source
ESSO
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                Schedule of Shareholders' meeting

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 08-Jun-2020
Shareholder's meeting date               : 10-Jul-2020
Beginning time of meeting (h:mm)         : 10 : 00
Record date for the right to attend the  : 22-Jun-2020
meeting
Ex-meeting date                          : 19-Jun-2020
Significant agenda item                  :
  - Omitted dividend payment
Venue of the meeting                     : The Landmark Bangkok, Ballroom, 7th 
Floor, No. 138 Sukhumvit Road, Bangkok 10110
Remark                                   :
No. Esso/SET/008/63
June 8, 2020

Subject:    2020 Annual General Meeting of Shareholders and Record Date

To:    President of the Stock Exchange of Thailand

Encl:    Guidelines for attending the 2020 Annual General Meeting of Shareholders

Dear Sir,

Esso (Thailand) Public Company Limited ("Company") would like to notify the 
Stock Exchange of Thailand that the 2020 Annual General Meeting of Shareholders
("2020 AGM") will be held on Friday, July 10, 2020 at 10.00 hours at The
Landmark Bangkok, Ballroom, 7th Floor, No. 138 Sukhumvit Road, Bangkok, 10110
and the Record Date to determine the names of shareholders entitled to attend
the 2020 Annual General Meeting of Shareholders will be June 22, 2020.

The agenda items to be considered the 2020 AGM shall be as approved by the Board
 at the Board's Meeting No. 2/2020 held on February 24, 2020 as follows:

Agenda Item 1.    To certify the Minutes of the 2019 Annual General Meeting of 
Shareholders

Board's opinion:    The Minutes of the 2019 Annual General Meeting of Shareholders 
should be presented at the shareholders' meeting for their certification.

Agenda Item 2.    To acknowledge the report of the board of directors regarding 
business operations during the past year including the annual report proposed to
the meeting and approve the Statement of Financial Position and Statement of
Comprehensive Income including the report of the auditor

Board's opinion:    The report of the board of directors regarding business 
operations during the past year including the annual report at the Board of
Directors' meeting should be presented at the shareholders' meeting for
acknowledgement and the Board opined that the Statement of Financial Position
and Statement of Comprehensive Income audited by the Company's auditor and
reviewed by the Audit Committee should be presented at the shareholders' meeting
 for their approval.

Agenda Item 3.    To consider and approve the allocation of profit and dividend 
payments

Board's opinion:    As the Company incurred a net loss for the full year 2019, the 
shareholders should approve the recommendation not to make an allocation for
reserve under Section 116 of the Public Limited Company Act B.E. 2535.  Also, as
the Company has negative unappropriated retained earnings, the shareholders
should approve the recommendation not to pay a dividend.

 
Agenda Item 4.    To consider and approve the election of directors in place of 
those retiring by rotation

Board's opinion:    Directors whose terms will expire at the end of the 2020 Annual
General Meeting of Shareholders are (1) Mr. Adisak Jangkamolkulchai; (2) Mrs.
Pachara Sungkhapan; (3) Mr. Taweesak Bunluesin; and (4) Ms. Pajaree Meekangvan.

    As (1) Mr. Adisak Jangkamolkulchai; (2) Mrs. Pachara Sungkhapan; (3) Mr. 
Taweesak Bunluesin; and (4) Ms. Pajaree Meekangvan are duly qualified in
accordance with the provisions of the Public Limited Companies Act, rules and
regulations of the Securities and Exchange Commission, and are knowledgeable and
experienced in the matters relating to the Company's business, the Board is of
the opinion that they should be re-elected as directors.
Board's opinion:    
Agenda Item 5.    To consider and approve Directors' remuneration

Board's opinion:    Upon taking into account all appropriate factors including 
market compensation levels for directors, the Board of Directors has proposed
that the shareholders approve the remuneration of directors as follows:
(a)    Directors who are also members of the Audit Committee be paid a director's 
fee of THB 191,667 per month;
(b)    Directors who are NOT members of the Audit Committee be paid a director's 
fee of THB 153,333 per month; and
(c)    Notwithstanding paragraph (1) and (2) above, directors who receive separate 
compensation from the Company or its affiliates for any type of full-time
service/s rendered not be paid any directors' fees.

Agenda Item 6.    To consider and approve the appointment of the Company's auditors
 and their remuneration

Board's opinion:    The Shareholders should approve the appointment of Mr. 
Pongthavee Ratanakoses C.P.A. (Thailand) No. 7795, Ms. Amornrat
Pearmpoomvatanasuk C.P.A. (Thailand) No. 4599, and Mr. Boonrueng Lerdwiseswit
C.P.A. (Thailand) No. 6552, and; all of PricewaterhouseCoopers ABAS Ltd and
authorize any of them to conduct the appropriate audits and to render relevant
opinions in the financial statements.  Upon taking into account all appropriate
factors, the Board of Directors has proposed that the shareholders approve the
auditor's remuneration be set at an amount of Baht 4,600,000 which was concurred
 by the Audit Committee.

Agenda Item 7.    Other business (if any)

With our deep care and concern over the health of the meeting attendees and to 
be in compliance with the measures to prevent the spread of COVID-19 announced
by government authorities, the Company would like to advise shareholder to
strictly cooperate with the Guidelines for attending the 2020 AGM enclosed
herewith.  The Company would like to request shareholders to proxy the Company's
 independent director and send the proxy to the Company in advance.

Please be informed accordingly.


Yours truly,
    Esso (Thailand) Public Company Limited
 


............................................................
          (Mr. Adisak Jangkamolkulchai)
______________________________________________________________________

Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 08-Jun-2020
Omitted dividend payment from            :
    Operating period from 01-Jan-2019 to 31-Dec-2019
______________________________________________________________________
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through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
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