Sri Trang Agro-Industry Announces Dividend, Director Elections, and Business Expansion Plans
Sri Trang Agro-Industry Public Company Limited (STA) has released significant updates following the Board of Directors’ Meeting No. 2/2025 held on February 17, 2025. These resolutions, covering dividend payments, director elections, and business expansion initiatives, are likely to draw substantial attention from shareholders and the market. Below, we detail the key takeaways from the announcement.
Dividend Payment Proposal: Baht 1.00 per Share
The Board has proposed a dividend payment of Baht 1.00 per share, amounting to a total payout of Baht 1,536 million. This dividend stems from the Company’s 2024 net profits and retained earnings, adjusted for prior losses. Notably, individual shareholders will not be entitled to a tax credit on this dividend.
If approved during the 2025 Annual General Meeting (AGM), the record date for determining eligible shareholders is set for April 21, 2025, with payment scheduled for May 8, 2025. This announcement could influence share value, as dividends often attract investor interest.
Director Elections and Remuneration
The Company has proposed the re-election of four directors who are retiring by rotation:
- Mr. Thanatip Upatising (Director/Independent Director)
- Ms. Nongram Laohaareedilok (Director/Independent Director)
- Mr. Chaiyos Sincharoenkul (Director)
- Mr. Kitichai Sincharoenkul (Director)
Additionally, the Board has proposed a total director remuneration package for 2025 not exceeding Baht 14.85 million. Key remuneration details include:
- Chairman of the Board and Audit Committee: Baht 110,000/month
- Company Directors: Baht 86,000/month
- Audit Committee Members: Baht 96,000/month
- Per-meeting allowances for Chairmen: Baht 18,000
- Per-meeting allowances for other directors: Baht 12,000
Payments will be made biannually in June and December.
Auditor Appointment and Fee
The Company has nominated three auditors from EY Office Limited for the 2025 fiscal year and set an auditing fee of Baht 6.39 million, covering quarterly and annual audits.
Expansion into New Business Opportunities
In a bid to diversify its revenue sources, Sri Trang Agro-Industry plans to amend its objectives and expand into new business areas. Key changes include:
- Clause 41: Establishing a training center for internal use and external services, alongside ventures in hospitality, fitness, and wellness services.
- Clause 42: Selling and leasing advertising space on applications, websites, and social media, as well as offering advertising design and marketing services.
- Clause 43: Selling goods and services related to the Company’s business via digital platforms.
- Clause 44: Facilitating transactions for buying, selling, and exchanging goods/services using digital platforms.
The Memorandum of Association’s Article 3 will also be updated to reflect the increase in the Company’s objectives from 40 clauses to 44 clauses.
Key AGM Details
The 2025 Annual General Meeting will be held on April 9, 2025, at 3:00 p.m. via electronic media. The agenda includes crucial approvals for financial statements, dividend payments, director elections, remuneration, auditor appointments, and the amendment of the Company’s objectives.
The record date for determining shareholders eligible to attend the AGM is March 3, 2025.
Potential Market Implications
Sri Trang Agro-Industry’s robust dividend payout, strategic diversification into digital and hospitality sectors, and tangible steps to modernize operations signal strong confidence in future growth. These developments could positively impact investor sentiment and share value in the short-to-medium term.
This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research or consult with a financial advisor before making investment decisions.
