Dividend Policy
The minimum guaranteed dividend yield is 5% of IPO price (KHR 5,120) applicable for at least 5 years after listing and only available for the shareholders of Class A (Voting) shares.
Following approval of the annual financial statement by the Board of Directors, if there is profit, the Board of Directors of PPAP can decide to distribute the profit to:
- Settle payment for the loss of the previous fiscal year;
- After settling payment for the loss of the previous fiscal year, and if there is still profit, the Board of Directors may distribute the profit as follows:
- Appreciation to the management and employees according to the following conditions:
– In case the net profit remains from 5% to 10% of the total operating expense of PPAP in that year, the amount to show appreciation is equivalent to 1 month of the total annual average salary of the management and each employee; salary of the management and each employee.
– In case the net profit remains from 10% to 20% of the total operating expense of PPAP in that year, the amount of the bonus is equivalent to 2 months of the total annual average salary of the management and each employee;
– In case net profit remains at a rate exceeding 20% of the total operating expense of PPAP in that year, the amount to show appreciation is equivalent to 3 months of the total annual average salary of the management and each employee.
- Creation of 5% [of net profit] for legal reserve and 5% of net profit for free reserve;
- 5% of profit for Corporate Social Responsibility [fund] which will be recorded as expense in the fiscal year when the operating expense is incurred;
- Profit remaining after the above distribution shall be distributed as dividend to the shareholders according to the resolution of the Board of Directors;
E. The final remaining profit shall be transferred into the development fund of PPAP.
