INDORAMA VENTURES Ref.No.IVL007/04/2016
26 April 2016 President
The Stock Exchange of Thailand
Subject: Resolution of the Annual General Meeting of Shareholders No. 1/2016
Indorama Ventures Public Company Limited ("IVL") held the Annual General Meeting of Shareholders No. 1/2016 on Tuesday, 26th April 2016 at 2.00 p.m. at Athenee Crystal Hall, Plaza Athenee Bangkok A Royal Meridien Hotel, 61 Wireless Road, Bangkok 10330.
The Meeting started with 2,211 shareholders in person and by proxy, representing 3,819,789,495 shares, equivalent to 79.343%. The Meeting passed the following resolutions as below:
Adopted the Minutes of the Annual General Meeting of Shareholders No. 1/2015 dated 24 April 2015. The Meeting has passed the resolution by majority votes of the shareholders and proxy holders who attended the Meeting and cast their votes as follows:
Approved
3,923,585,414
vote(s) equivalent to
99.9977%
Disapproved
91,000
vote(s) equivalent to
0.0023%
Abstained
15,211
vote(s)
Acknowledged the report on the Company's operational results for the year 2015.
Approved the Balance Sheet and Profit and Loss Accounts for the year ended 31 December 2015. The Meeting has passed the resolution by majority votes of the shareholders and proxy holders who attended the Meeting and cast their votes as follows:
Approved
3,922,972,371
vote(s) equivalent to
99.9989%
Disapproved
41,300
vote(s) equivalent to
0.0011%
Abstained
2,205,111
vote(s)
Approved the dividend payment from 2015 operating results to shareholders at the rate of Baht 0.48 per share or amounting to Baht 2,310.85 million, the Company has paid an interim dividend at the rate of Baht 0.24 per share or amounting to Baht 1,155.42 million on 4 September 2015. The Company will pay the remaining dividend at the rate of Baht 0.24 per share or amounting to Baht 1,155.42 million on 23 May 2016. The record date for specifying the list of shareholders who have right to receive dividend shall be on 9 May 2016. The book closing date in which the list of shareholders shall be compiled in accordance with Section 225 of the Securities and Exchange Act shall be on 10 May 2016.
The Meeting has passed the resolution by majority votes of the shareholders and proxy holders who attended the Meeting and cast their votes as follows:
Approved
3,925,022,416
vote(s) equivalent to
99.9953%
Disapproved
183,055
vote(s) equivalent to
0.0047%
Abstained
14,311
vote(s)
Approved the re-election of Mr. Chakramon Phasukavanich, Mr. Amit Lohia, Mr. Aloke Lohia, Mr. Sri Prakash Lohia and Mrs. Suchitra Lohia to serve as directors for another term. The Meeting has passed the resolution by majority votes of the shareholders and proxy holders who attended the Meeting and cast their votes as follows:
Mr. Chakramon Phasukavanich - Independent Director
Approved
3,923,431,471
vote(s)
equivalent to
99.9533%
Disapproved
1,834,300
vote(s)
equivalent to
0.0467%
Abstained
22,011
vote(s)
Mr. Amit Lohia - Non-Executive Director
Approved
3,748,996,934
vote(s)
equivalent to
95.5093%
Disapproved
176,273,337
vote(s)
equivalent to
4.4907%
Abstained
17,511
vote(s)
Mr. Aloke Lohia - Executive Director, Vice Chairman, Chairman of the Sustainability and Risk Management Committee, Member of the Nomination, Compensation and Corporate Governance Committee and Group Chief Executive Officer
Approved
3,918,978,253
vote(s) equivalent to
99.8396%
Disapproved
6,294,518
vote(s) equivalent to
0.1604%
Abstained
15,011
vote(s)
Mr. Sri Prakash Lohia - Non-Executive Director and Chairman of the Board
Approved
3,749,201,634
vote(s) equivalent to
95.5145%
Disapproved
176,068,637
vote(s) equivalent to
4.4855%
Abstained
17,511
vote(s)
Mrs. Suchitra Lohia - Executive Director
Approved
3,918,705,277
vote(s) equivalent to
99.8326%
Disapproved
6,568,994
vote(s) equivalent to
0.1674%
Abstained
13,511
vote(s)
Approved the remuneration of directors for the year 2016 as not exceeding Baht 17,400,000. The Meeting has passed the resolution by not less than two-thirds of the total number of votes of the shareholders and proxy holders who attended the Meeting as follows:
Approved
3,925,225,171
vote(s)
equivalent to
99.9951%
Disapproved
46,900
vote(s)
equivalent to
0.0012%
Abstained
145,711
vote(s)
equivalent to
0.0037%
Approved the appointment of Ms. Sureerat Thongarunsang, CPA. No. 4409 or Ms. Orawan Chunhakitpaisan, CPA. No. 6105 or Mr. Charoen Phosamritlert, CPA. No. 4068 or any other Certified Public Accountant nominated by KPMG Phoomchai Audit Co., Ltd., as the auditor of the Company and approved the audit fee for the year 2016 as not exceeding Baht 8,200,000. The Meeting has passed the resolution by majority votes of the shareholders and proxy holders who attended the Meeting and cast their votes as follows:
Approved | 3,923,645,071 | vote(s) | equivalent to 99.9555% |
Disapproved | 1,746,600 | vote(s) | equivalent to 0.0445% |
Abstained | 23,211 | vote(s) |
Please be informed accordingly. Sincerely yours,
(Mr. Souvik Roy Chowdhury) Company Secretary
Indorama Ventures pcl issued this content on 26 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2016 11:41:09 UTC
Original Document: http://www.indoramaventures.com/upload/set_announ/file_26042016183340.pdf
