Thursday, September 24, 2020

PTG postpones shareholders meeting due to Covid-19 pandemic

Apr 20. 2020
Facebook Twitter

By The Nation

PTG Energy has informed the Stock Exchange of Thailand that its board of directors has decided to postpone the 2020 annual shareholders meeting from the original schedule of April 24 due to the Covid-19 pandemic.

Meanwhile, the board has approved interim dividend of Bt0.20 per share from net profit and turnover in 2019 worth Bt334 million, down from the previous 0.50 per share.

“We have to decrease the dividend because we must manage our cash flow liquidity to make sure it will be sufficient for the company’s business operations,” a PTG official said.

“To cope with a variety of prolonging situations, such as the drought and economic volatility, the company will monitor the situation closely in order to hold a shareholders meeting as soon as possible.

“We had announced the list of shareholders who are eligible to receive the dividend on March 12, while the company will pay dividend on May 15 this year,” he said.

“The company will comply with laws and related regulations to create fairness for all stakeholders in the interest of sustainable growth of the company,” the official added.

Tags:
Facebook Twitter
More in Business
Editor’s Picks
wmg-logo
Top News
wmg-logo