Bangkok--Apr 19--SET
Thai NVDR Co. Ltd. now offers e-Dividend service to non-voting depository receipt (NVDR) holders. This service will automatically transfer dividends to entitled NVDR holders, eliminating problems of missing or delayed cheques and cut out the time spent on the foreign exchange process.
Mrs. Kongkeaw Piumduaytham, Managing Director of Thai NVDR Co., Ltd., announced that now NVDR holders can apply for the auto-dividend transfer, or e-Dividend service, by applying to the Thailand Securities Depository Co. Ltd., which acts as its registrar. NVDR holders need apply only once for the e-Dividend service to cover all their securities and all their accounts.
“NVDR is a security issued to stimulate trading activities among foreign investors in the Thai stock market and to promote liquidity for investment, as it allows foreign investors to overcome foreign ownership limits while allowing them to enjoy all financial benefits, such as dividends, as well as other investors’ rights except for voting rights. Until recently, NVDR holders had to wait for their dividend cheques to come by mail only, and that came with the risks of lost or delayed deliveries”, said Mrs. Kongkeaw.
“The Thai NVDR Co. Ltd., therefore, decided to add e-Dividend to its services. The e-Dividend service is extremely convenient for NVDR holders as they will never again have to bring their cheques to the bank for clearing or even wait for the arrival of their cheques. The new service also eliminates the chances of lost cheques for good. The Thai NVDR has launched e-Dividend for all securities that closed registration after March 1, 2005,” she continued.
NVDR holders having either savings or current accounts at local or overseas-branches of commercial banks in Thailand can enjoy the privilege of a quicker, safer and more convenient auto-transfer of their dividend payments.
NVDR holders interested in e-Dividends can apply for the service at all securities companies, any custodian bank, or directly at the Thailand Securities Depository Co. Ltd. For more information, please contact the TSD Call Center at 0-2229- 2888 or log on to www.set.or.th/nvdr.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.