: THBEV Price

Cash Dividend

Back Feb 27, 2020
Announcement Title Cash Dividend/ Distribution
Date & Time of Broadcast Feb 27, 2020 20:46
Status Replace
Corporate Action Reference SG191122DVCADWC2
Submitted By (Co./ Ind. Name) Nantika Ninvoraskul
Designation Company Secretary
Dividend/ Distribution Number Not Applicable
Dividend/ Distribution Type Final
Financial Year End 30/09/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit) THB 0.33
Event Narrative
Narrative Type Narrative Text
Additional Text The Company's Board of Directors Meeting which was held on 22 November 2019 approved the book closure date for the share transfer with respect to the entitlement to final dividend payment ("Dividend") on 11 February 2020 ("BCD").
Registration Details This is to permit investors to trade their shares on a cum-basis until one day after our 2020 Annual General Meeting of Shareholders which is schedule to be held on 31 January 2020 at 10.00 hrs. (Bangkok Time) in Bangkok, Thailand.
Registration Details We would like to clarify that although Thailand Securities Depository Co., Ltd. ("TSD") determines that the rights of shareholders are based on shareholders whose names appear in TSD register on the BCD;
Registration Details however, the Central Depository (Pte) Limited ("CDP") determines that investors' rights are based on shareholders whose names appear in CDP register as at 17.00 hrs. (Singapore Time) on 10 February 2020.
Registration Details Accordingly, investors who hold shares through the CDP will only be entitled to receive Dividend through CDP if their names appear in CDP register as at 17.00 hrs. (Singapore Time) on 10 February 2020.
Narrative version Annual dividend of 2019 is Baht 0.48 per share. We already paid the interim dividend of 2019 of Baht 0.15 per share in June 2019. Therefore, the balance dividend of 2019 to be paid at this time is Baht 0.33 per share.
Taxation Conditions Dividends in respect of shares are generally subject to Thai income tax withholding at a rate of 10%.
Additional Text This replacement announcement is to: (i) revise the "Dividend Details" to clarify the Thai income tax withholding at a rate of 10%; and (ii) to reflect the "Gross Rate (Per Share)" and "Net Rate (Per Share)" in Singapore Dollars (SGD) and to specify the exchange rate used for the conversion from Baht to SGD.
Additional Text The other details in this announcement remain unchanged.
Additional Text For the avoidance of doubt, the dividends payable on 28 February 2020 in respect of shares of ThaiBev are subject to Thai income tax withholding at a rate of 10% where the dividends are paid to either non-Thai resident corporate investors or to non-Thai resident individual investors.
Additional Text The entitled shareholders whose shares are held through CDP will receive their proposed final dividend through CDP in Singapore Dollars (SGD). The Company has made the necessary arrangement to convert the final dividend from Baht to SGD for entitled shareholders at the rate of Baht 22.465 per SGD (the "Issuer Declared Exchange Rate").
Additional Text The conversion from Baht to SGD has been made based on the prevailing exchange rate within two (2) business days after receiving the relevant information from TSD.
Additional Text Please note that the SGD amounts of the dividend specified in the "Gross Rate (Per Share)" and "Net Rate (Per Share)" fields below have been converted based on the Issuer Declared Exchange Rate and the final dividend amount received by entitled shareholders may differ due to rounding.
Event Dates
Record Date and Time 10/02/2020 17:00:00
Ex Date 07/02/2020
Dividend Details
Payment Type Payment Rate in Gross
Taxable Yes
Tax Rate (%) 10
Gross Rate (Per Share) SGD 0.01469
Net Rate (Per Share) SGD 0.013221
Pay Date 28/02/2020
Currency Pair THB/SGD
Issuer Declared Exchange Rate 22.465
Gross Rate Status Actual Rate

Applicable for REITs/ Business Trusts/ Stapled Securities