Sabuy Technology Public Company Limited Announces Change of the Dividend Payment Rate
April 18, 2023 at 10:40 am EDT
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Sabuy Technology Public Company Limited informed that according to the resolutions of the Board of Directors' Meeting No. 2/2023, which was held on February, 27 2023 and resolved to approve the dividend payment for the Company's operating results for the accounting period
ending December 31, 2022, as detailed in Letter No. SABUY 011/2023 dated on February 28, 2023, Subject: Notification of Resolutions of the Board of Directors' Meeting No. 2/2023, and (2) Letter No. SABUY 013/2023 dated on April 10, 2023, Subject: Invitation to the 2023 Annual General Meeting of Shareholders, details of the Company's dividend payments are as follows. Dividend payment in the form of cash at the rate of THB 0.0278 per share or the total amount not exceeding THB 44,610,718. However, the Company has set the Record Date to determine the names of the shareholders who are entitled to receive the dividend on May 8, 2023. Currently, the period for exercising rights to purchase ordinary shares of the Company of both sets of warrants have ended, and SABUY-W2 and SABUY-WA warrant holders have exercised their rights to purchase ordinary shares of the Company. As a result, the number of shares allocated for dividends increased to 1,744,145,597 shares (Previous paid-up capital as of February 27, 2023 was 1,605,985,848 shares) Therefore, the Company shall allocate the Company's issued ordinary shares to accommodate warrants to those who exercise the rights under such warrants. As a result, the number of shares sold of the Company will increase. Therefore, the Chief Executive Officer had considered changes in the number of existing shares per stock dividend ratio, cash dividend per share ratio, and dividend per share ratio, the details of which are as follows; Dividend payment in the form of cash at the rate of THB 0.0255 per share or the total amount not exceeding THB 44,610,718. Cash dividend per share ratio - Before exercise of SABUY-W2 and SABUY-WA is THB 0.0278 per share and Cash dividend per share ratio - After exercise of SABUY-W2 and SABUY-WA is THB 0.025577 per share.
Sabuy Technology Public Company Limited is a Thailand-based company. The principal activities of the Company are rendering of top-up service for prepaid phone and electronical receipt through top-up machines. The Company operates through five segments: Connext, Enterprise, Payment, Financial, and InnoTainment. The Connext segment is a distribution channel business to reach all customer groups. It also offers products, such as Ptech, Vending Plus, Sauby Speed, Indeem, Lock Box, Blue Parking, Tero Sabuy, Laundrybar, Termsabuyplus, and Sabuy Connext Tech. The Enterprise segment offers business services for organization and is a lifestyle provider. The Payment segment is engaged in the financial transactions and e-payment gateway business. The Financial segment is engaged in leasing and broker insurance business. The InnoTainment segment is engaged in media innovation, digital media, and cloud business. Its subsidiaries include SABUY POS Co., Ltd., VDP Holding Co., Ltd., and others.
SABUY TECHNOLOGY 
