SVI Public Company Limited Announces Board Changes, Effective on May 1, 2016; Proposes Dividend for Fiscal Year 2015, Payable on May 19, 2016
March 29, 2016 at 03:47 pm
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The Board of Directors of SVI Public Company Limited announced that Dr. Prachaya Piumsomboon who's has been SVI's director for several consecutive years has pledged not to be re-appointed for another term. He will also resign from an independent director and chairman of the Audit Committee, effective on May 1, 2016. The Nomination and Compensation Committee proposed the Board of Director for approval in regard to the appointment of Miss Manida Zinmerman, as a new Company's Director, since she is knowledgeable, capable and has more than 20 years experiences working in variety of businesses which are not compete with the Company The AGM should thereby approve the appointment of Ms. Manida Zinmerman to be an Independent Director replacing an unfilled director, effective on May 1, 2016.
The company Board of Directors meeting on March 14, 2016, has agreed to propose the allocation of profit for the fiscal year 2015's operating result and declaration of dividend which will be paid in 'cash' at THB 0.08 per share, an approximated amount of THB 181.3 million. Ex-dividend is dated on May 9, 2016. To fix the record date of shareholders is scheduled on May 11, 2016. Share Registration closed for Dividend Right on May 12, 2016. Payment of dividend is scheduled on May 19, 2016.
SVI Public Company Limited is a Thailand-based company that is engaged in electronic manufacturing services (EMS). The Company operates through four segments: Industrial control system, Communication network, Automotive & Transportation and Professional audio and video. It provides a range of services ranging from the development phase to industrialization, manufacturing and the integration of electronic assemblies and subassemblies. Its services include design and development, new product introduction (NPI) services, test development, supply management services, manufacturing, vertical business, quality management, automation, and failure analysis lab. The Company provides solutions of supply management services to customers across a range of industries, including supply chain optimization, managing inventory and reverse logistics management. It serves various markets, including communication and data technology, clean energy, audio and video, and aerospace.
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