Mr. Phoon Chong Kit, CEO of Master Ad Public Company Limited or MACO, one of the leaders of outdoor media with a variety of both billboards and digital media covering all over Thailand and in the ASEAN region held an Annual Ordinary Shareholder Meeting for 2021 on 23 July via E-AGM under the Emergency Decree on the meeting via electronic media B.E 2020 to facilitate the shareholders at the utmost and adapt to the situation quickly according to anti-COVID-19 measures. The meeting resolved that the dividend would not be paid for the performance in the years 2020/21 of the accounting period ending as of 31 March 2021 due to the huge impact of the global severe economic recession resulting from the continually-spread of pandemic COVID-19. The meeting also resolved to approve issuing and allocating the warrants to buy ordinary shares of the Company for the third time (MACO-W3) at the amount not exceeding 1,696,880,931 shares to the previous shareholders in proportion to the amounts of the shares held to compensate the shareholders of the Company and to raise the fund for expanding business and/or investment including cash flow of the Company in the future.
However, the Company still moves forward according to the setup strategies together with the business operation under the efficiency of cost management to generate income and profit to the Company and stakeholders in every sector sustainably.
