PTG Energy Public Company Limited Proposes Dividend from 1 January 2023 to 31 December 2023, Payable on May 17, 2024
February 22, 2024 at 09:48 am EST
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PTG Energy Public Company Limited announced at the AGM to be held on April 26, 2024, proposed the dividend payment from the Company's operating results starting from 1 January 2023 to 31 December 2023, at the rate of THB 0.35 per share, for 1,670,000,000 ordinary shares, totaling THB 584,500,000, representing approximately 104 percent of the net profit according to the separate financial statements for the Company's operating results in the year 2023, which will be paid from the results of the operation for the fiscal
year ended 31 December 2023 and the retained earnings as at 31 December 2023 (under the separate financial statements). The dividend will be paid to the shareholders whose names appear in the share register book of the Company on 7 March 2024 which was determined to be the date on which the recorded shareholders are entitled to receive the dividend (Record Date). The dividend payment will be made on 17 May 2024. In this regard, the right to receive the dividend is uncertain depending on an approval of the shareholders ' meeting. In addition, the Company will not appropriate the net profit as legal reserve since the Company has reserved the funds in full as required by law. Ex-dividend date is 6 March 2024.
PTG Energy Public Company Limited is a Thailand-based distributor of petroleum products. The Company is engaged in the trading of petroleum products, gas products, supplies and equipment for oil service stations, consumable products, and transportation. The Company has three reporting segments which comprise sales of petroleum products, gas products, and supplies and equipment for oil service stations; sales of consumable products; and transportation. Its products and services include oil, LPG, oil lubricant, food, beverages and max mart, and other services. The Companyâs subsidiaries include PTG Green Energy Company Limited; Punthai Coffee Company Limited; Max Card Co., Ltd.; Olympus Oil Co., Ltd.; GFA Corporation (Thailand) Limited; Max Ventures Co., Ltd; Petroleum Thai Corporation Co., Ltd.; Pyramid Oil Co., Ltd; Alpine Oil Co., Ltd; Empire Oil Co., Ltd; Everest Oil Co., Ltd; Andes Oil Co., Ltd; Empire Service Solution Co., Ltd.; and Innoligent Automation Co., Ltd.