Dividend Payment from the Business Operations for the Second Half of Fiscal Year 03/04
Thai Airways International Public Company Limited (“the Company”) held the Board Meeting No. 11/2004 on Wednesday, November 24, 2004, at the Conference Room, 22nd Floor, Head Office Building, No. 89 Vibhavadi Rangsit Road, Khwaeng Jompol, Khet Chatuchak, Bangkok Metropolis. The resolutions will be proposed to the shareholders during the 2004 Annual General Shareholders’ Meeting as follows:
1. Acknowledgement of the results of business operations of the Company for the fiscal year 2003/04 ended on September 30, 2004.
2. Approval of the dividend payment from the business operations of the Company for the second half of fiscal year 2003/04 is as follows:
2.1 The dividend payment from the business operations of the Company for the second half of fiscal year 2003/04 will be Baht 1.00 per share and will be paid to shareholders on Friday, January 14, 2005. When accumulated with the interim dividend from the first half of fiscal year 2003/04 which was paid at Baht 1.50 per share, the total dividend from the business operations of the Company for the fiscal year 2003/04 will be Baht 2.50 per share.
2.2 The closing date of the Company share registration for the right to receive the dividend will be on Tuesday, January 4, 2005 at 12.00 hours.
3. Approval of one–third of the directors retirement from the Company according to the Article 17 of the Article of Association of the Company, effective from December 17, 2004 onward. The details are as follows:
- 3.1 Mr. Olarn Chaipravat
- 3.2 Mr. Borwornsak Uwanno
- 3.3 Mr. Vichit Suraphongchai
- 3.4 Pol. Gen. Sant Sarutanond
- 3.5 Mr. Tatchai Sumitra
4. Approval of the Board of Directors’ remuneration for the year 2004/05 as proposed by the Remuneration Committee is as follows:
Meeting Allowance
- Setting monthly allowance of Baht 50,000 for those present at the meeting and Baht 20,000 for those absent from the meeting
- Increasing remuneration for Board of Directors who have been appointed as committee, sub-committee, and members of working groups as follows:
- Meeting allowance of Baht 10,000 for those present at the meeting for Strategy Supervision Committee, Corporate Governance Committee and Remuneration Committee.
- As much as the monthly allowance of the Board of Directors’ remuneration, including the month a meeting is not held for Audit Committee.
Bonus shall be paid at the rate of 0.5 % of dividend payment.
5. Appointment of the Office of the Auditor General as the Company’s auditor for the fiscal year 2004/05 period, and the auditing fees has been set at Baht 2 million per year.
