16th January 2006
Re:Resolutions of the Board of Directors Meeting No. 1/2006
Regarding the payment of the Annual Dividend and the Annual General
Meeting ofShareholders for the year 2006
To: President of the Stock Exchange of Thailand
Pico (Thailand) Public Company Limited would like to inform the Stock Exchange
of Thailand of the following resolutions passed by the Board of Directors
Meeting No. 1/2006, which was held on 13rd January 2006 from 18.00 hours to
20.00 hours.
1)The Board of Directors has resolved to approve the audited balance sheet and
the profit and loss statement for the year ended 31 October 2005.
2)The Board of Directors has resolved to pay dividend for the 2005 fiscal year
ended October 31, 2005 at the rate of baht 0.17 per share in the amount of
Baht 19.55 million to the shareholders who noted name in the shareholder
register of the company on January 30, 2006 at 12.00 hours. This payment of
dividend was scheduled on 28 February 2006. This matter shall be approved by
the meeting of shareholder.
Incidentally, during the 2005 fiscal year, the company paid the 1 interim
dividend payment as per the following details:
On June 1, 2005, the Company's board of directors meeting no. 3/2005 resolved
to take action for interim dividend payment of Baht 0.14 per share to the
shareholders whose names were listed in the Company's registrar book as at
June 17, 2005. Such dividends of Baht 16.10 million were paid in June 30, 2005.
3)The Board of Directors has resolved to call the Annual General Meeting of
shareholders on Wednesday February 15, 2006 at 1400 hrs. at Saladaeng Room,
Dusit Thani Hotel, 946 Rama IV Road, Bangkok 10500. The following agenda will
be considered at this meeting:
Agenda 1 To approve the minutes of the 2005 Annual General Meeting of
shareholders
Agenda 2 To acknowledge the Board of Director's report of operating
performance for fiscal year 2005
Agenda 3 To approve the annual balance sheets and income statement for
fiscal year 2005 ending October 31, 2005
Agenda 4 To approve the payment of dividend and to appropriate the legal
reserves
Agenda 5 To appoint the auditors for fiscal 2006 and to fix the
remuneration
Agenda 6 To elect new directors to replace those who must retire by
rotation
Agenda 7 To approve amendment of the Articles of Association, Clause 33.
To amend Article 33 of the Articles of Association to read as
follows:"Article 33 The Board of Directors must meet at least once in every
3 months in the locality where the principal office or a branch office of
the Company is situated or at such other place as the Chairman of the Board
of Directors may think fit."
Agenda 8 To consider other matters (if any)
4)The Board of Directors has resolved to schedule the book closing date of
the share registration book on 30 January 2006 at 12.00 hours until the
meeting is adjourned for determining the rights of shareholders to attend
the meeting and to received the dividend.
Please be informed accordingly, and kindly disseminate the information
herein to the public investors.
Sincerely yours,
- Signature -
(Mr. Pised Chungyampin)
Chief Executive Officer