7. Capital Structure

7.1 Securities issued by the Company

  • Debt Securities:

+---------------------------+------------------------------------------+
|   - Type of security:     |   Unsubordinated, unsecured, and no      |
|                           |   discount debentures with a             |
|                           |   name-registered debentures certificate |
+---------------------------+------------------------------------------+
|   - Term to maturity      |   4 years                                |
+---------------------------+------------------------------------------+
|   - Value of debentures   |   4,000 million baht                     |
+---------------------------+------------------------------------------+
|   - Number of debentures  |   4 million units                        |
+---------------------------+------------------------------------------+
|   - Par value per unit:   |   1,000 baht                             |
+---------------------------+------------------------------------------+
|   - Offering price per    |   1,000 baht                             |
|   unit:                   |                                          |
+---------------------------+------------------------------------------+
|   - Issuing date:         |   June 16,2009                           |
+---------------------------+------------------------------------------+
|   - Maturity date:        |   June 16,2013                           |
+---------------------------+------------------------------------------+
|   - Coupon rate:          |   4.5% per annum                         |
+---------------------------+------------------------------------------+
|   - Credit rating         |   A                                      |
+---------------------------+------------------------------------------+

  • Equity Securities:

+---------------------------+------------------------------------------+
|   - Authorized Shares:    |   287.5 million ordinary shares with the |
|                           |   par value of Baht 10 per share.        |
+---------------------------+------------------------------------------+
|   - Issued Shares:        |   237.5 million ordinary shares.         |
+---------------------------+------------------------------------------+
|   - Shares repurchased    |   7.5 million ordinary shares. (Share    |
|   and                     |   repurchased scheme 2)                  |
|                           |                                          |
|   held in treasury:       |                                          |
+---------------------------+------------------------------------------+
|   - Issued and            |   230 million ordinary shares.           |
|   Outstanding Shares:     |                                          |
+---------------------------+------------------------------------------+

  • Derivatives: None

7.2 Shareholding and Management Structures

  The top 10 major shareholders¹ as of August 21, 2009 are the
  following:

+---+--------------------------------------+------------+------------+
| N | Shareholders                         |   Number   | Percentage |
| o |                                      |   of       | (%)²       |
| . |                                      |            |            |
|   |                                      |   Shares   |            |
|   |                                      |   Held     |            |
+---+--------------------------------------+------------+------------+
| 1 | Sunrise Equity Company Limited       |            | 33.71      |
|   |                                      | 80,065,840 |            |
+---+--------------------------------------+------------+------------+
| 2 | Thai Roc-Cem Company Limited         |            | 32.69      |
|   |                                      | 77,628,433 |            |
+---+--------------------------------------+------------+------------+
| 3 | CLEARSTREAM NOMINEES LTD.            |            | 3.52       |
|   |                                      |  8,350,200 |            |
+---+--------------------------------------+------------+------------+
| 4 | JPMSSPL                              |            | 2.97       |
|   |                                      |  7,051,100 |            |
+---+--------------------------------------+------------+------------+
| 5 | NORTRUST NOMINEES LTD.               |            | 2.87       |
|   |                                      |  6,819,300 |            |
+---+--------------------------------------+------------+------------+
| 6 | Vayupak Mutual Fund                  |            | 1.02       |
|   |                                      |  2,419,900 |            |
|   | by MFC Asset Management Public       |            |            |
|   | Company Limited                      |            |            |
+---+--------------------------------------+------------+------------+
| 7 | Vayupak Mutual Fund                  |            | 1.02       |
|   |                                      |  2,419,900 |            |
|   | by Krungthai Asset Management Public |            |            |
|   | Company Limited                      |            |            |
+---+--------------------------------------+------------+------------+
| 8 | Mrs. Sasithorn Ratanarak             |            | 0.88       |
|   |                                      |  2,085,040 |            |
+---+--------------------------------------+------------+------------+
| 9 | HSBC (Singapore) Nominees PTE LTD.   |            | 0.81       |
|   |                                      |  1,921,993 |            |
+---+--------------------------------------+------------+------------+
| 1 | Miss Pilanuch Ratanarak              |            | 0.61       |
| 0 |                                      |  1,439,742 |            |
+---+--------------------------------------+------------+------------+

  Remark:

1.  The above top 10 major shareholders did not include 7.5 million
    treasury stock held by the Company.

2.  The proportion of the equity interest of each top 10 major
    shareholder is based on the total issued and outstanding of 237.5
    million shares.

    3.  Dividend Payment Policy

  The Board of Directors fully recognizes the importance of
  shareholders’ return and places emphasis on the need to faithfully
  compensate shareholders for their loyal investment participation. Over
  the past three years dividend payments have been in the range of 11 –
  14 Baht per share. The Company’s reserve has reached 10 percent of its
  registered capital.

  During 2007-2009, Siam City Cement allocated dividends as follows:

  For fiscal year 2009, total dividend is 11 Baht per share

-   The Board of Directors approved payment of interim dividend on
    August 6, 2009 of 6.00 Baht per share.

-   The Board of Directors proposes the Shareholders to approve payment
    of dividend for the second half of 2009 on April 9, 2010 for 5.00
    Baht per share.

-   Dividend payout THB 2,530 million, 85.9%

  For fiscal year 2008, total dividend is 11 Baht per share

-   The Board of Directors approved payment of interim dividend on
    August 7, 2008 of 6.50 Baht per share.

-   The Shareholders approved payment of dividend for the second half of
    2008 on April 10, 2009 for 4.50 Baht per share.

-   Dividend payout THB 2,530 million, 79.7%

  For fiscal year 2007, total dividend was 14 Baht per share

-   The Board of Directors approved payment of interim dividend on
    August 9, 2007 of 6.50 Baht per share.

-   The Shareholders approved payment of dividend for the second half of
    2007 on April 10, 2008 for 7.50 Baht per share.

-   Dividend payout THB 2,530 million, 100%

  In addition the board will propose the following Dividend Policy to
  the 17^(th) AGM:

  “Dividend payments will be at least 60% of net profit on its
  Consolidated Financial Statement. In case of negative financial
  situation, the Board may propose a lower percentage of dividend
  payment as it considers appropriate under such circumstance.”