AEON Thana Sinsap Public Company Limited Approves Final Dividend for the Fiscal Year Ended February 29, 2020, Announces Board Appointments
April 28, 2020 at 03:22 am EDT
Share
AEON Thana Sinsap (Thailand) Public Company Limited announced that at its board meeting held on April 28, 2020, approved and declaration of final dividend payment for the fiscal year ended February 29, 2020. The final dividend will be paid at THB 2.5 per share to the shareholders on July 20, 2020. The right to receive dividend has to be approved at shareholders meeting on June 24, 2020. This dividend is paid in addition to the interim dividend already paid at the rate of THB 2.45 per share on November 4, 2019. The total dividends paid for the fiscal year ended February 29, 2020, is THB 5.0 per share or 31.4% payout ratio. The company has set the record date on May 14, 2020 to determine the shareholders entitled to receive dividends XD will be posted on May 13, 2020).
The meeting also approved to increase the number of directors of the Company from 12 to 14 directors and approved the appointment of Mr. Tsutomo Omodera as the Director of the Company and approved the appointment of Mr. Ryoichi Hasuo as the Independent Director of the Company, which will be effective after obtaining approval from the Annual General Meeting of Shareholders on June 24, 2020. The meeting also approved the appointment of the Audit Committee Members for the year ended February 28, 2021. The Audit Committee Members will consist of: Mr. Noppun Muangkote; Dr. Sucharit Koontanakulvong; Dr. Mongkon Laoworapong.
AEON Thana Sinsap (Thailand) Public Company Limited is a Thailand-based company, which is engaged in retail finance services, which consist of credit cards, hire-purchase, personal loans, and others. The Company operates through two segments: Retail finance services and Other business. The Retail finance services segment consists of credit cards, hire-purchase, personal loans, and others. The Other business segment consists of debt collection services and insurance brokerage services. The Companyâs subsidiaries include ACS Servicing (Thailand) Company Limited, which is engaged in providing collection servicers; and ACSI (Thailand) Co., Ltd., which is a non-life insurance broker and life insurance broker. Its other subsidiaries, including AEON Specialized Bank (Cambodia) Plc., AEON Microfinance (Myanmar) Company Limited, and AEON Leasing Service (Lao) Company Limited, are engaged in retail finance businesses.