Thai Depository to offer electronic registrar services

ข่าวทั่วไป Monday December 3, 2007 13:23 —PRESS RELEASE LOCAL

Bangkok--3 Dec--SET Thailand Securities Depository Co., Ltd. (TSD) will provide additional securities to listed companies, including e-registration, e-voting and e-proxy voting. These facilities will promote corporate governance by enhancing the accuracy and transparency of annual general meetings. TSD continues to examine how new technology can further improve service efficiency and cut costs. “These initiatives will reduce expenses and promote shareholder participation, which is one of our top priorities. Electronic voting will speed up meetings and make vote-counting more accurate. We plan to extend e-proxy voting to provincial and overseas shareholders,” TSD CEO Ms. Sopawadee Lertmanaschai said. As part of a general service upgrade, TSD now provides an exclusive communication channel for listed companies and has replaced hard-copy with electronic reporting. In cooperation with the Ministry of Commerce, the company electronically transmits information, such as capital increase or par adjustment of listed companies, to the Ministry. TSD continues to seek and act on feedback about its services from listed firms. In 2007, the depository provided registration services for 576 companies or 754 securities, 1,285 shareholding book-closings for interest/dividend payments, 705 capital increases, e-dividend to 1,146,331 shareholders (accounting for 68% of all dividend transactions), and registration for capital increase and rights offers under the scripless system for about 91% of listed companies (as of Oct. 2007). For more information, please contact TSD Business Relations Unit Ms. Chantanee Pongkrasin Tel: 0-2229-2896 Email: [email protected] http://www.tsd.co.th

แท็ก thailand   Bangkok   GIS  

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