News Detail

Date/Time
18 Feb 2021 09:41:00
Headline
Notification of the resolutions of the board of Directors regarding dividend payment and Determination of the Annual General Meeting of Shareholders for the year 2021,General mandate for private placement(Revised)
Symbol
NER
Source
NER
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                1.     Approved to propose to the Annual General Meeting for year 2021 to consider 
and approve the allocation of the net profit as legal reserve fund and the
dividend payment with the details as follows:
- The allocation of the net profit as legal reserve fund in the amount of baht 
29.43 million , which gives the total legal reserve of 2020 in the amount of
100.10 million baht.
- The dividend payment for the year 2020 performance at the rate of 0.21 per 
share,  which equivalents a total dividend amount of  339.08  million baht.
Which when deducting the interim dividends for the results of the first nine
months of 2020 at 0.06 baht per share, equivalent or 96.88 million baht paid to
shareholders on January 20, 2021, the company will pay dividends at 0.15 Baht
per share or 242.20 million baht. The dividend payout ratio is 40.89 percent of
net profit for the year 2020 after deducting legal reserve fund. The dividend
will be paid from the net profit with exemption of tax due to privileges
received from the Board of Investment (BOI). Thus, this dividend amount is not
entitled for tax credit.

The record date which the shareholders have the right to receive the dividend 
payment will be on April 23, 2021. The dividend payment date will be on May 7,
2021. However, the right to receive the dividend still uncertain due to be
approved by the Annual General Meeting for year 2021.
2.    Approved to propose to the Annual General Meeting of Shareholders for year 
2021 in support of allocation of capital increase ordinary shares through
general mandate amounting not exceeding 161,467,890 shares, par value of Baht
0.50.
3.    Resolved to present to the Annual General Meeting of Shareholders for year 
2021 to approve to increase Baht 2,000 million for issuance and offering of
debentures, total amount is not exceeding Baht 4,000 million.
4.The record date which the shareholders have right to attend the Annual General
 Meeting 2021 will be on March 5 ,2021
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