GULF to Hold AGM with Strict Measure to Prevent COVID, Expecting Approval for Stock Split

Ms. Yupapin Wangviwat, Executive Director and Chief Financial Officer of Gulf Energy Development Public Company Limited (GULF), has announced that the company had changed the venue for holding the 2020 Annual General Meeting of Shareholders and will hold the meeting on April 8, 2020.

 

GULF has changed the venue to UthaiPower Project, No. 999 Moo 1, Ban ChangSub-district, Uthai District, Ayutthaya Province 13210 at 8:30 a.m. (registration from 7:00 a.m.)

Ms. Yupapin stated that there will be an important agenda in the meeting which required approvals from the shareholders. The meeting held at this time and date is to prevent a negative effect which might happen to the company if the meeting was to be postponed.

In addition to the 2020 Annual General Meeting of Shareholders, one of the agenda includes a stock split from 5 existing shares to 1 newly issued shares. Moreover, the shareholders will need to approve a dividend payment at ฿1.30/share as well.

Ms. Yupapin said that the company is well aware of the situation of the spreading of the coronavirus, and has set up checking procedures and measurements for participants to follow due to health concerns of the company’s shareholders.