Approval of Connected Transactions
20 December 2006
our core customer group,
HoReCa. Own brand products
quality is as same as those
of leader brands while their
prices are significantly
lower than those of leader
brands. The percentage of
gross profit to sales of own
brand is much higher than
those of other products. The
hire of service from MAM is
due to that company has
qualified experienced staff
in own brand development and
the service payment paid to
that company can make us to
have more own brand sales.
8.6 Interested Directors and/or : (1) Mr. Dennis Casey
Directors being connected (2) Mr. Ruurd Jacobus Faber
persons not attending the
meeting nor having the right
to vote.
Estimated expenses for the year : Baht 14,200,000
2007
As at 30 September 2006, the net tangible assets according to the
Company's consolidated financial statement is Baht 8,180 Million.
Consequently, the size of above transaction is over 0.03% equivalent to
Baht 2.45 Million but less than 3% equivalent to Baht 245 Million. The
value of transaction is not required the shareholders' meeting approval.
9. Symantec Software License (Anti Virus Software):
9.1 Date of transaction : 1 October 2006
Term of agreement : 2 years ending on 30 September
2008
Licensor : SHV Holding NV (SHV)
Licensee : Siam Makro Plc. (SML)
9.2 Type of transaction : SML is granted the right to use
Anti Virus Software (Symantec
License).
9.3 Total Value of Consideration : SML pays EUR 14,830.44 and has to
absorb all taxes incurred in
relations to payment.
9.4 Nature and scope of interest : SHV is a company of SHV group, a
of connected persons major shareholder of SML holding
directly and indirectly SML
shares over 10%.
9.5 Company's justification : The software is used for
preventing Computer Virus. The
expenses paid are cheaper than
buying directly from the owner.
9.6 Interested Directors and/or : (1) Mr. Dennis Casey
Directors being connected (2) Mr. Ruurd Jacobus Faber
persons not attending the
meeting nor having the right
to vote.
Estimated expenses for the year : Baht 765,000
2007 (Including tax)
As at 30 September 2006, the net tangible assets according to the
Company's consolidated financial statement is Baht 8,180 Million.
Consequently, the size of above transaction is less than 0.03%
equivalent to Baht 2.45 Million. The value of transaction is not
required the shareholders' meeting approval.
Please be informed accordingly.
Yours faithfully,
Siam Makro Public Company Limited
Signature
(Mr. Charoen Assawajarukasem)
SET Coordinator Manager