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Details of SCB Shares

Ordinary Shares
Item Description
Amount Issued 3,395,581,459 shares (as of October 8, 2019)
Issuer The Siam Commercial Bank Public Company Limited
Securities Registrar The Siam Commercial Bank Public Company Limited
Trading being traded on both main board and foreign board under the following symbols:
1. main board “SCB”
2. foreign board “SCB-F”
Preferred Shares
Item Description
Amount Issued 3,610,739 shares (as of October 8, 2019)
Issuer The Siam Commercial Bank Public Company Limited
Securities Registrar being traded on both main board and foreign board under the following symbols:
Trading being traded on both main board and foreign board under the following symbols:
1. main board “SCB-P”
2. foreign board “SCB-Q”
Material Preferential Rights 1. The holders of preferred shares will be entitled to receive a non-cumulative dividend in priority to holders of ordinary shares at the rate of 5.25% per annum calculated on the purchase price of the preferred shares paid by the Ministry of Finance at first (Baht 26) (provided however that the Bank shall have to have profits after fully provisioning for non- performing loans, have no accumulated losses and is able to maintain adequate capital funds after payment of such dividends). 

2. In the event of a decrease of capital due to losses attributable to any assets of the Bank held prior to the increase of capital of the Bank by the Ministry of Finance, such capital decrease shall be firstly made to ordinary shares. In the event of a liquidation, assets remaining will be distributed to the holders of preferred shares in priority to the holders of ordinary shares. 

3. Preferential rights under preferred shares will last for 10 years from the date upon which the Ministry of Finance made payment for the preferred shares at first (May 10, 1999).

4. Preferred shares may be convertible into ordinary shares by filing an application for conversion or conversion notice together with delivery of preferred shares certificate, pursuant to the terms and within the time prescribed by the Bank.
Exercise Right 1 preferred share may be converted into 1 ordinary share.
Exercise Price None.
First Exercise Date June 30, 1999
Conversion Period every 3 months period, i.e. March 31, June 30, September 30 and December 31 of every year, whereby:
1. for the exercise date of Mar 31, conversion notice shall have to be filed during Mar 16-30.
2. for the exercise date of Jun 30, conversion notice shall have to be filed during Jun 15-29.
3. for the exercise date of Sep 30, conversion notice shall have to be filed during Sep15-29.
4. for the exercise date of Dec 31, conversion notice shall have to be filed during Dec 16-30.
Exercise Procedure 1. Any holder of preferred shares may obtain a form of conversion notice at Thailand Securities Depository Company Limited or a securities company which is a broker for securities trading.
2. Any holder of preferred shares may, within business hours, file a conversion notice with Thailand Securities Depository Company Limited or a securities company which is a broker for securities trading.
3. Documents required for conversion are:

3.1 Form of conversion notice as prescribed by the Bank;
3.2 Preferred shares certificate or any substitute thereof (as prescribed by the SET); and
3.3 In case of an individual, a copy of valid national identity card, foreigner identity card or passport (as the case may be), all of which have to be certified as true and correct copy by the owner of such card or passport,

In case of a juristic person, a copy of affidavit, certifying its juristic person status issued by the Ministry of Commerce no more than 1 year prior to the date of submission of the said conversion notice, together with a copy of valid national identity card of the director who has authority to sign on behalf of such juristic person certified as true and correct copy by the owner of such card.

Place for Exercise 1. Thailand Securities Depository Company Limited; or
    1st Floor, Tower B, The Stock Exchange of Thailand Building, 93 Ratchadaphisek Road,
    Dindaeng Subdistrict, Dindaeng District, Bangkok 10400
    Tel. (662) 009-9999 (TSD Call Center); or

2. Broker
    Only for the preferred shareholders whose preferred shares are deposited in a trading
    account maintained with the Broker.

Dividend History

After the recapitalization in 1999, SCB has continuously boosted its performances and was able to wipe out its accumulated losses and has commenced paying dividends since 2004. SCB has made dividend payments for both preferred shares and ordinary shares at the same rate, of which details are as follows:

 

Performance

Period (Year)

Type of Dividend

Payment Date

Dividend per Share
(Baht)

Total Amount

of Dividend
(Baht/Share)

Percentage

of net profit

               2018                Dividend           3 May 2019                  4.00               5.50               46.7
           Interim Dividend    20 September 2018                   1.50    

2017

Dividend 

3 May 2018

4.00 

5.50

 43.3 

 

Interim Dividend

19 September 2017 

1.50 

 

 

2016

Dividend 

9 May 2017 

4.00 

5.50 

39.3

  

Interim Dividend 

16 September 2016 

1.50 

 

 

2015

Dividend 

3 May 2016 

4.00

5.50 

39.6 

 

Interim Dividend 

18 September 2015 

1.50

 

 

 2014 

Dividend 

30 April 2015 

4.50

6.00 

38.2 

 

Interim Dividend 

19 September 2014 

1.50 

 

 

2013

Dividend 

2 May 2014 

3.75

5.25 

35.5 

 

Interim Dividend 

20 September 2013 

1.50

 

 

 2012 

Dividend 

3 May 2013 

3.50 

4.50 

 38.0

 

 Interim Dividend 

21 September 2012 

1.00

 

 

 2011 

Dividend 

4 May 2012 

2.50 

3.50

38.3/3

 

 Interim dividend 

16 September 2011 

1.00 

 

 

2010

Dividend

4 May 2011

2.00

3.00

42.1

 

Interim dividend

16 September 2010

1.00

 

 

2009

Dividend

28 April 2010

2.50

2.50

40.9

2008

Dividend

28 April 2009

2.00

2.00

32.0

2007

Dividend

28 April 2008

2.00

2.00

39.0

2006

Dividend

30 April  2007

2.00

2.00

51.0/2

2005

Dividend

28 April 2006

2.00

3.00

 54.0/1

 

Special dividend

28 April 2006

 1.00

 

 

2004

Dividend

28 April 2005

2.00

2.00

36.0

2003

Dividend

30 April 2004

1.40

1.40

36.0



/1 Dividend of Baht 2.00/share (representing 36% of 2005 net profit) plus special dividend of Baht 1.00/share, or Baht 3.00/share in total (representing 54% of 2005 net profit) on the occasion of SCB's centennial anniversary.
/2 Representing 37% of 2006 net profit before Baht 5.10 billion are reserved for doubtful accounts and loan losses  according to the new regulatory requirement of the Bank of Thailand under International Accounting Standard (IAS) 39  
/3  Calculated based on net profit excluding one-time investment gain.

 

 

Conversion of Preferred Shares into Ordinary Shares

The Siam Commercial Bank Public Company Limited (the “Bank”) issued and distributed 2,500,000,000 preferred shares in April 1999. In this connection, the term of such preferred shares is 10 years commencing from 10 May 1999, and the holders thereof may exercise their rights every 3 months to convert such preferred shares into ordinary shares at the ratio of 1 preferred share per 1 ordinary share, i.e., on 31 March, 30 June, 30 September, and 31 December, of each year.

The preferential rights of the Bank’s preferred shares expired on 10 May 2009. In this regard, Article 3(3) of the Bank’s Articles of Association states that, should the preferential rights of the Bank’s preferred shares expire, the preferential rights of such preferred shares will immediately become ended, whereby all rights in respect of such preferred shares will be the same as those of ordinary shares, and such preferred shares must be converted into ordinary shares.

After the expiration of the preferential rights of the preferred shares as aforementioned, holders of preferred shares who have not converted the preferred shares into ordinary shares can still exercise their rights to convert these preferred shares into ordinary shares.

Conversion of Preferred Shares into Ordinary Shares
Item Description
Exercise Right 1 preferred share may be converted into 1 ordinary share.
Exercise Price None
First Exercise Date 30 June 1999
Conversion Period

Every 3 months, i.e. 31 March, 30 June, 30 September and 31 December of every year, whereby:

  • 1. for the exercise date of 31 March, conversion notice shall have to be filed during 16-30 March.
  • 2. for the exercise date of 30 June, conversion notice shall have to be filed during 15-29 June.
  • 3. for the exercise date of 30 September, conversion notice shall have to be filed during 15-29 September.
  • 4. for the exercise date of 31 December, conversion notice shall have to be filed during 16-30 December.
  •  
  • If a conversion date falls on a bank holiday, conversion shall be made on the last business day prior to the bank holiday.
Exercise Procedure
1. Any holder of preferred shares may obtain a form of conversion notice at Thailand Securities Depository Company Limited or a securities company which is a broker for securities trading.
2. Any holder of preferred shares may, within business hours, file a conversion notice with Thailand Securities Depository Company Limited or a securities company which is a broker for securities trading.
3. Documents required for conversion are:
 
3.1  Form of conversion notice as prescribed by the Bank;
3.2 Preferred shares certificate or any substitute thereof (as prescribed by the SET); and
3.3

In case of an individual, a copy of valid national identity card, foreigner identity card or passport (as the case may be), all of which have to be certified as true and correct copy by the owner of such card or passport,

 

In case of a juristic person, a copy of affidavit, certifying its juristic person status issued by the Ministry of Commerce no more than 1 year prior to the date of submission of the said conversion notice, together with a copy of valid national identity card of the director who has authority to sign on behalf of such juristic person certified as true and correct copy by the owner of such card.

   
Place for Exercise
1. Thailand Securities Depository Company Limited
1st Floor, Tower B, The Stock Exchange of Thailand Building, 93 Ratchadaphisek Road, Dindaeng Subdistrict, Dindaeng District, Bangkok 10400 Tel. (662) 009-9999 (TSD Call Center); or
2. Broker
Only for the preferred shareholders whose preferred shares are deposited in a trading account maintained with the Broker.

*For more information please contact  Corporate Secretarial Services 2 

 Tel. (662) 544-4217, (662) 795-3241