Shareholders Structure
The company’s shareholders are comprised of 51 % Thai nationals and 49 % foreign nationals. The company has Baht 2,260 million registered capital, which is fully paid up. It is divided into 226,000,000 ordinary shares at Baht 10 per share.
List of the top 11 shareholders of Padaeng Industry Public Co., Ltd.
as of 2 April 2003, which is the latest date of the close of the Shareholder’s Register is as follows:
| No. |
Name |
No. of Shares |
% of Total shares |
| 1 |
Umicore |
104,072,742 |
46.05 |
| 2 |
Ministry of Finance |
31,200,000 |
13.81 |
| 3 |
Thai NVDR Co., Ltd. |
9,694.257 |
4.29 |
| 4 |
Mr. Anan Utharntharm |
8,034,800 |
3.56 |
| 5 |
Bangkok Bank Public Company Limited |
7,301,070 |
3.23 |
| 6 |
Albouys Nominees Limited |
3,863,203 |
1.71 |
| 7 |
Thailand Securities Depository Company Limited for
Depositors
|
3,019,470 |
1.34 |
| 8 |
Mr. Cheewin Chaicheewinlikit |
2,802,750 |
1.24 |
| 9 |
Gerlach&Co-Dimensional; Emerging Markets Value Fund, Inc. |
1,600,800 |
0.71 |
| 10 |
Mitsiam International Ltd. |
1,220,000 |
0.54 |
| 11 |
Thailand Iron Works Public Company Limited |
1,170,000 |
0.52 |
Major Shareholders |
| No. |
Name |
No. of Shares |
% of Total shares |
| 1 |
Umicore |
104,072,742 |
46.05 |
| 2 |
Ministry of Finance |
31,200,000 |
13.81 |
Policy for payment of dividends
Under normal circumstances, the company will pay dividends in the amount of 50% of profits after corporate taxes. An exception can be made if it is necessary for the company to use this amount for investment in future business expansion.
A subsidiary will pay dividends only from profits generated by the subsidiary company. Each time the subsidiary company pays a dividend; an amount of at least 5% of profits after corporate taxes must be put in reserve, until the total amount in reserve equals at least 10% of the subsidiary company’s authorized share capital. There is no fixed dividend payment policy for the subsidiary.
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