Bangkok--27 Aug--Seamico Securities
Seamico Securities Public Company Limited has approved the payment of an interim dividend for the 1st half year 2008 operations of Baht 0.05 per share. Payment will be made after the company has repurchased 83,375,886 of its shares valued at Baht 200 millions.
Mr. Chaipatr Srivisarvacha, Executive Chairman & CEO, Seamico Securities Public Company Limited, stated that “The Board of Directors has approved an interim dividend for the company’s operation from 1st January 2008 to 30th June 2008 of Baht 0.05 per share and determined the right of shareholders to received the interim dividend by closing the share register book on 11th September 2008. The interim dividend will be paid on 23rd September 2008.”
“Seamico will repurchase 83,375,886 shares (Bt1 par value), or 10% of the total paid-up capital. The average market price of the stock over the past 30 days prior to this press release is Baht 2.17 per share. As Seamico has excess liquidity, we have decided to repurchase the shares. This will benefit the current shareholders in terms of higher dividend as the repurchased shares will reduce the outstanding number of shares. Moreover, the stock price will stabilize. Conversely, the shares buy-back will reduce Seamico’s cash holding and shareholders’ equity. The repurchase period will begin from 15th September 2008 to 14th March 2009. The last such transactions made by Seamico were on 14th September 2006.” Mr. Chaipatr said.
Based on Seamico’s financial statements (as of 30th June 2008), its retained earning stood at 786.53 millions baht with no outstanding debts. The number of shares held by minority shareholders (free float) as shown in the share registration book (as of 1st April 2008) is 599,155,901 shares or 71.86% of the company’s paid up capital.
For further information concerning Seamico Securities Plc., please visit www.seamico.com
PRESS ENQUIRIES:
Ms. Duangrat Watanapongchat
Deputy Managing Director
Seamico Securities Plc.
16th Floor, Liberty Square,
287 Silom Road, Bangkok 10500
Tel : +66 (0) 2695-5155
Fax : +66 (0) 2631-1709
E-mail : [email protected]
Mr. Chaipatr Srivisarvacha
Chief Executive Officer
Seamico Securities Plc.
16th Floor, Liberty Square,
287 Silom Road, Bangkok 10500
Tel : +662 695-5000 ต่อ 5052
Fax : +662 631-1709
E-mail : [email protected]