CPANEL has announced its financial results for 2021, reporting a revenue of 312.44 million baht, surpassing its target with a growth of 40%. The net profit reached 31.80 million baht, marking a 142% increase. The company proposed a dividend distribution in the form of shares at a ratio of 15:1 and cash at a rate of 0.0183333 baht per share, with the XD date set for May 5-6, 2022, and payment scheduled for May 20, 2022, along with CPANEL – W1 at a ratio of 5:1, with the XW date set for May 24-25, 2022, and the issuance of ESOP Warrants valid for 3 years totaling 5 million units.

Mr. Chakrit Teepakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and distributor of precast concrete products using fully automated systems for real estate construction projects, revealed that the company achieved a total revenue of 312.44 million baht in 2021, an increase of 91.29 million baht or 41.27% from the previous year’s revenue of 221.15 million baht, and a net profit of 31.80 million baht, up from 13.12 million baht, representing an increase of 142.38%.

The company’s revenue growth of 40% exceeded the target of at least 35%, as customers resumed normal orders following the impact of the COVID-19 situation in 2020, with a continuous upward trend. Additionally, the company improved its production cost management, resulting in a higher net profit.

The board of directors approved a dividend payment to shareholders at a rate of 0.085 baht per share, totaling 12.75 million baht, which corresponds to a dividend payout ratio of 42.15% of net profit after legal reserves, aligning with the dividend policy of at least 40%. The dividend will be distributed in shares at a ratio of 15 existing shares for 1 new share, not exceeding 10 million shares with a par value of 1 baht per share, and an additional cash dividend of 0.0183333 baht per share. The Record Date for shareholders entitled to receive the dividend shares and cash is set for May 6, 2022, with payment on May 20, 2022.

Moreover, the board approved the issuance of warrants to purchase additional common shares of the company (CPANEL–W1), which will be allocated to existing shareholders at no cost at a ratio of 5 existing shares for 1 warrant unit, valid for 3 years. Each warrant unit CPANEL-W1 can be converted into 1 common share at an exercise price of 5 baht per share, with the Record Date for shareholders entitled to receive the CPANEL-W1 warrants set for May 25, 2022.

Additionally, the board approved the issuance of warrants for the purchase of additional common shares to be allocated to key executives of the company (ESOP-Warrant), valid for 3 years, totaling 5 million units. Each ESOP-W unit can be converted into 1 common share at an exercise price of 10 baht per share, aimed at motivating key executives to contribute to sustainable growth for the company and its shareholders. All of the aforementioned resolutions will be presented for approval at the Annual General Meeting of Shareholders for 2022 on April 21, 2022.