Shareholder Information

Shareholder Information

Major Shareholders

Listed are the names and shareholdings of the largest shareholders as of 26 March 2018. The Company used the document for the registration of increase in paid-up capital with the registrar of Public Limited Company, Ministry of Commerce, and the registration was completed on 28 March 2018.

Number of Shares As of 26 March 2018
Number of Shares Percentage of shareholding
1. Krung Thai Bank Public Company Limited 4,499,394,589 40.49%
2. The Siam Commercial Bank Public Company Limited 4,469,534,816 40.22%
3. TISCO Bank Public Company Limited 874,888,641 7.87%
4. Thailand Securities Depository Company Limited for Depositors 590,833,147 5.32%
5. Thailand Securities Depository Company Limited for Depositors (foreign) 264,164,474 2.38%
6. CIMB Thai Bank Public Company Limited 156,181,954 1.41%
7. Sahaviriya Group Corporation Limited 146,739,141 1.32%
Distribution of shareholding by nationality As of 30 December 2019
Total Number of Shares Percentage of Shareholding
THAI SHAREHOLDERS 10,800,912,069 97.19
FOREIGN SHAREHOLDERS 312,106,211 2.81

Foreign Limit

The Company’s foreign shareholding was limited at 49% of the paid-up capital. As of 30 December 2019, the Company’s foreign shareholding was 2.81% of the paid-up capital

Dividend Payment

The Company has a policy to pay dividend at a rate of nDividend Paymentot less than 25% of net profit after income tax, legal reserve, and other reserves, from the Company’s separated financial statements in each year. Dividend payment; nonetheless, depends on economic conditions, operating profit, investment plans, covenant in various contracts, and other appropriated factors, both at present and in the future.

According to the Board of Directors’ resolution on the dividend payment, the shareholders’ meeting shall approve dividend payment unless there is an interim dividend payment in which the Board of Directors is authorised to approve interim dividend payment. In this case, such payment should be submitted to the next meeting of shareholders for acknowledgement.

As for the dividend policy of the Company’s subsidiaries, the Company does not fix any particular rates of dividend payment. It depends on the operational results of each subsidiary, and the Board of Directors of that subsidiary will make the decision concerning dividends on a case-by-case basis.

On 18 April 2019, the Board of Directors’ meeting No. 5/2019 of Sahaviriya Steel Industries Public Company Limited as the Plan Administration by the Central Bankruptcy Court’s order on 15 December 2016, as the red case No.For.8/2016, had resolution that no dividend payment shall be made for the operating results of the year 2018, as the Company had retained deficit as at 31 December 2018. Therefore, the Company was unable to allocate dividend payment to shareholders.