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Resolution of the AGM for year 2007

BackApr 27, 2007

27 April 2007

Subject: Resolution of the Annual General Meeting of shareholders for year 2007

Attention: The President of the Stock Exchange of Thailand

The Annual General Meeting of Big C Supercenter Public Company Limited(Company) for the year 2007 held on 27 April 2007 at 9.00 a.m. at Room Arnoma 1, Arnoma Hotel, No. 99 Rajdamri Road, Lumpini Sub-district, Pathumwan District, Bangkok. There were 166 shareholders and proxies attending the Meeting holding a total of 625,463,858 shares or 78.05 % of the total 801,386,574 issued shares of the Company. Thus, there is a quorum for the Meeting. The resolution of the meeting is as follows:

1. The Meeting approved the Minutes of the Annual General Meeting of Shareholders for the year 2006 held on 27 April 2006.

The resolution was passed by the following votes:

Approve:
635,561,398
Votes
Disapprove :
-
Votes
Abstain
-
Votes

2. The Meeting acknowledged and approved the Annual Report and the Financial Statements of the Company for the financial year ended 31 December 2006 which have been audited by the certified auditor.

The resolution was passed by the following votes:

Approve:
637,602,862
Votes
Disapprove :
-
Votes
Abstain
-
Votes

3. The Meeting approved the allocation of profit, payment of dividend and legal reserve for the Year 2006 as follows:

  • Allocation for dividend payment: 1,250,163,055 Baht (at the rate of 62% of the net profit after deduction of the statutory reserve)
  • Payment for each ordinary share: 1.56 Baht
  • Statutory Reserve: 106,250,000 Baht
  • Date of dividend payment: May 25, 2007]

And fixing the date of closing the Company Share Register for designation the Right of shareholders to receive the dividend on the 9th of April 2007 at 12.00 hr. until the Annual General Meeting of Shareholders is completed.

The resolution was passed by the following votes:

Approve:
637,602,862
Votes
Disapprove :
-
Votes
Abstain
-
Votes

4. The Meeting approved re-appointment of all retiring directors The resolution was passed by the following votes:

1. Mr. Yves Bernard Braibant

Approve:
637,501,462
Votes
Disapprove :
101,400
Votes
Abstain
-
Votes

-2-

2. Mr. Nontaphon Nimsomboon

Approve:
637,602,862
Votes
Disapprove :
-
Votes
Abstain
-
Votes

3. General Winai Phattiyakul

Approve:
637,602,862
Votes
Disapprove :
-
Votes
Abstain
-
Votes

4. Dr. Rongphol Charoenphandhu

Approve:
636,393,326
Votes
Disapprove :
1,209,500
Votes
Abstain
-
Votes

5. The Meeting approved the remuneration of Board of Director, Audit Committee and Good Corporate Governance Committee for year 2007 at the amount not exceeding Baht 6,240,000 per annum as proposed by the Board.

The resolution was passed by the following votes:

Approve:
638,437,663
Votes
Disapprove :
-
Votes
Abstain
-
Votes

6. The Meeting appointed Ms. Ratana Jala, auditor license no. 3734 and/or Ms. Saifon Inkaew, auditor license no. 4434 and/or Ms. Tippawan Nananuwat, auditor license no.3459 of Ernst & Young office as the Company s auditor and appointed Mr.Wichart Lokatekrawee, auditor license no. 4451 and/or Ms. Kamontip Lertwitworatep, auditor license no. 4377 of Ernst & Young office as the Subsidiaries Company s auditor for the financial year ending 31 December 2007 and fixed their remuneration of Baht 4,200,000 (Baht Four Million Two Hundred Thousand) for the Company only and Baht 6,010,000 (Baht Six Million and Ten Thousand) for the whole group.

The resolution was passed by the following votes:

Approve:
637,228,163
Votes
Disapprove :
1,209,500
Votes
Abstain
-
Votes

7. The Meeting unanimously approved the Revenue Recognition for the cancellation of the Dividend amount of Baht 557,856 (Five Hundred Fifty Seven Thousand Eight Hundred Fifty Six Baht) due to the non qualification of the shareholders to receive the dividend payment of year 2006 on 27 April 2006.

The resolution was passed by the following votes:

Approve:
638,437,663
Votes
Disapprove :
-
Votes
Abstain
-
Votes

Please be informed accordingly

 

Yours sincerely

 

Ms.Rumpa Kumhomreun
Vice President, Finance and Accounting