TBANK: Annual Report 2018

Page 177

The list of the company’s top 10 shareholders/groups of shareholders holding ordinary and preferred shares of TCAP as of 9 October 2018 (the latest closing date of the suspended share-transfer register) was as follows:

Name of shareholders / groups of shareholders

Number of Shares Ordinary shares Preferred shares

1. Thai NVDR Company Limited 207,252,739 2. MBK Public Company Limited 129,914,400 Primacy Elegance Investments 3,400,000 Limited 3. State Street Europe Limited 75,626,680 4. South East Asia UK (Type C) 28,894,500 Nominees Limited 5. BNY Mellon Nominees Limited 25,763,297 6. Thanachart Dividend Stock Fund 18,922,300 7. SE Asia (Type B) Norminees LLC 17,188,100 8. State Street Bank and Trust 16,391,401 Company 9. Nortrust Nominees LTD-CL-AC 15,183,869 10. Dr. Nivate Hemvachiravarakorn 14,000,000 Other Shareholders

Total Shares

Percentage of shareholding

- - -

207,252,739 129,914,400 3,400,000

17.788 11.150 0.292

- -

75,626,680 28,894,500

6.491 2.480

- - - -

25,763,297 18,922,300 17,188,100 16,391,401

2.211 1.624 1.475 1.407

- 15,183,869 - 14,000,000

1.303 1.202

612,579,201

13,216

612,592,417

52.577

1,165,116,487

13,216

1,165,129,703

100.000

Thai Shareholders

843,911,985

13,156

843,925,141

72.432

Foreign Shareholders

321,204,502

60

321,204,562

27.568

Issued and Paid-up Shares

Notes 1) The second shareholders including related parties under Revised Section 258 of the Securities and Exchange Act (No. 4) B.E. 2551 is the same order. MBK Plc. operates businesses of real estate rental, hotels and services. The list of top 10 shareholders was as of 20 September 2018 (the latest closing date of the suspended share-transfer register). 2) The third, and fifth to tenth shareholders are nominee accounts for which true shareholders are unknown.

2. The number 2 shareholder (Scotia Netherlands Holdings B.V.) is a juristic person registered in Netherlands. BOT granted approval to Scotiabank to make changes to the Bank’s shareholding structure by holding 48.999 percent of the Bank’s total paid-up shares via Scotia Netherlands Holdings B.V. on 9 May 2011.

(b) The groups of major shareholders who in fact have influence over the formulation of the Bank’s management policies and operation include Thanachart Capital Public Company Limited (“TCAP”) holding 50.961 percent and the Scotia Netherlands Holdings B.V. holding 48.999 percent of the total paid-up shares. TCAP does not have any major shareholder with significant influence over its management policies or operation.

(2) Shareholders’ Agreement

TCAP and Scotiabank mutually established the Shareholders’ Agreement with the key condition requiring each party’s representatives to contribute to the Bank’s management as directors and executives of the Bank as well as directors of the Bank’s key subsidiaries. Moreover, any resolution made by the Board of Directors and the Shareholders Meeting on significant issues shall be compliant with the Bank’s Articles of Association aiming to achieve the common goal of both shareholders via the Bank’s management.

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THANACHART BANK PUBLIC COMPANY LIMITED


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