(Translation)
15 January 2007
Re: Resolutions of the Board of Directors Meeting No. 1/2007 Regarding the payment of the Annual Dividend and the Annual General Meeting of Shareholders for the year 2007
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 important resolutions passed by the Board of Directors Meeting No. 1/2007, which was held on 12 January 2007 from 17.00-19.00 hrs.
1) Resolved to approve the audited balance sheet and the profit and loss statement for the year ended 31 October 2006.
2) Resolved to approve the distribution of dividend for the year 2006 at the rate of baht 0.37 per share, or in an approximate total amount of 42.55 Million Baht,of which 0.17 Baht per share, totaling 19.55 Million Baht, was paid as an interim dividend on 30 June 2006. The final payment of dividend of 0.20 Baht per share shall be payable to whom listed in the share register book to be closed for the right to receive the dividend on 29 January 2007 at 12.00 hrs. The final dividend payment will be made on February 28, 2007.
3) Resolved to call the Annual General Meeting of Shareholders on Friday, 16 February, 2007 at 10.30 a.m. at 5th Floor, Nokia Ultra Screen 1, Paragon Cineplex Theatre, Siam Paragon, Rama I Road, Pathumwan District, Bangkok Metropolis. The following agenda will be considered at this meeting:
- Agenda 1 To approve the minutes of the 2006 Annual General Meeting of shareholders
- Agenda 2 To acknowledge the Board of Director's report and operating results for the year 2006
- Agenda 3 To adopt balance sheets and the statement of income for fiscal year ending October 31, 2006
- Agenda 4 To consider and approve allocation of profit for the year 2006 for distribution of legal reserve and dividend to shareholders
- Agenda 5 To consider and approve election of directors in replacement of those who are retired by rotation
- Agenda 6 To consider and approve appointment of auditors and fix his/her remuneration for the year 2007
- Agenda 7 To consider and approve the directors' remuneration for the year 2007
- Agenda 8 To consider and approve the additional directors' remuneration for the year 2006
- Agenda 9 Other businesses (if any)
4) Resolved to schedule the book closing date of the Company's share registrar book on 29 January 2007 at 12.00 hrs. until the meeting is adjourned for determining the rights of shareholders to attend the annual general meeting.
Please be informed accordingly, and kindly disseminate the information herein to the public investors.
Sincerely yours,
-Signature-
(Mr. Pised Chungyampin)
Executive Chairman