SVI Public Company Limited Announces Executive Appointments; Declares Cash Dividend for 2016, Payable on May 22, 2017
February 24, 2017 at 09:23 pm
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SVI Public Company Limited at its Board of Directors meeting held on February 24, 2017, approved the allocation of profit for the fiscal year 2016's operating result and declaration of dividend that will be paid in cash and proposed to the Shareholders Meeting for approval of cash dividend THB 0.08 per share, payable from the net profit generated under BOI'S promoted activities, Certificate No. 5152(2)/2556 which are tax exempt. Ex-dividend date on May 8, 2017. Record date of shareholders is scheduled on May 11, 2017. Share registration closed for dividend right on May 12, 2017. Payment of dividend is scheduled on May 22, 2017.
The company also approved the appointment of Mrs. Pissamai Saibua as a Director, replacing a Director who resigned from the company's board of directors, before completion of the term, effective on February 24, 2017 as recommended by the Nomination and Compensation Committee. This matter will subsequently be proposed for further acknowledgement by the annual general shareholders meeting. Consensus on the additional directors from 6 persons to 7 persons and the appointment of Mr. Prasert Bunsumpun as an additional Director and Independent Director, effective on May 1, 2017, as recommended by the Nomination and Compensation Committee. The company also approved an appointment of Mr. Chatchaval Jiaravanon, Independent Director to be an Audit Committee's member, effective on February 24, 2017, as recommended by the Nomination and Compensation Committee.
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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