Sets date for AGM, Dividend Payment, Connected Transaction
February 25, 2010
President The Stock Exchange of Thailand
Re: Sets date for AGM,Dividend Payment and Connected Transaction The Board of Directors of Charn Issara Development Public Company Limited at a meeting #2/2010 held on 25th February 2010 passed the following resolutions;
1. That the annual dividend payment for the operation from 1 January 2009 to 31 December 2009 will be Bt.0.04 per share and will be paid to shareholders on 19th May 2010.
2. That the date for closing the company share register for the right to receive the dividend will be on 28th April 2010.
3. That an Ordinary General Meeting of Shareholders (#1/2010) shall be held on 21st April, 2010 at 2.00 p.m. at 6th floor, Conference Room, Issara Place, New Petchburi Road, Bangkapi, Hua Kwang, Bangkok.
4. Approve the record date for recording the list of shareholders who will be entitled to attend the Ordinary General Meeting of Shareholders on 11 March 2010. Also, 12 March 2010 shall be the book closing date on which the shareholders list as specified in Section 225 of the Securities and Exchange Act shall be compiled.
5. That the agenda for the meeting will be as follows:-
5.1 To approve the minutes of the Ordinary General Meeting of Shareholders (#1/2009) held on 28th April 2009.
5.2 To approve the company's annual report for 2009.
5.3 To approve the company's balance sheets, profit and loss statements and cash flow statements as at 31 December 2009.
5.4 To consider the payment of dividend for 2009's operational results.
5.5 To appoint new directors to succeed those completing their terms, and fix their remuneration for 2010.
5.6 To appoint an auditor and fix the auditing fee for 2010.
5.7 To consider any other business (if any).
6. Approved the company's to extend the Project Consultancy Agreement with Mrs. Srivara Issara for her to provide consultancy services in connection with the property projects to the Company and its affiliated companies, which is considered to be a Connected Transaction with the following details:
(1) Date, month, year of the transaction
1 January 2010(2) The parties to the Agreement
Charn Issara Development Public Company Limited as the Hirer and Mrs. Srivara Issara as the Consultant(3) Nature of the transaction
To provide consultancy services in connection with the property projects to the Company and its affiliated companies(4) The value of the consulting fee and term of Agreement
The consulting fee is set at Baht 300,000 per month or equivalent to Baht 3,600,000 per year, to be payable monthly in arrears. The term of the Agreement is valid and effective from 1 January 2010 to 31 December 2010. The Agreement will be terminated immediately upon the above term is ended. If the services are completely provided before ending the above term, or it is no longer necessary for the services to be provided, the Company is entitled to early terminate the Agreement before the above term is ended without advance notice.(5) Name of the connected person. Title and Shareholding in the listed company Mrs.Srivara Issara, holding the title of Chairperson and holding the common stock of Charn Issara Development Public Company Limited of-(None)
(6) Director who is the Connected Person
Mrs.Srivara Issara's not attend the meeting and does not have voting rights at the meeting.(7) Comments of The Board of Directors of the Company
The Board of Directors of the Company has resolved as above because Mrs.Srivara Issara, the Chairperson of the Company, is the person with the most experience in property development. She has more than 30 years experience in managing property projects in the Charn Issara Group of Companies. Therefore, she has valuable knowledge, vision, and experience which will bring about huge benefits to the Company and its affiliated companies.
Report filed herewith for your kind information.
Yours sincerely,
Mrs.Teeraporn Srijaroenwong
Director