Ngern Tid Lor Public Company Limited (SET: TIDLOR) announced that its Board of Directors, during the meeting on December 19, 2024, approved an interim cash dividend of 0.438 Baht per share, equivalent to 40% of the company’s net profit for the first nine months of 2024. This decision aligns with the company’s shareholding restructuring process and its policy of efficient capital allocation for shareholders. The record date for eligible shareholders is set for January 6, 2025, with the dividend payment scheduled for January 17, 2025.
Mr. Piyasak Ukritnukun, Managing Director, stated, “Given our strong financial performance, high retained earnings, robust financial position, and strong liquidity, along with confidence in our business operation for 2025, the company deems it appropriate to declare this special dividend”
Additionally, the Board of Directors acknowledged the progress of the company’s shareholding and management restructuring plan. The Securities and Exchange Commission (SEC) has approved the application for the securities offering and the tender offer process for Tidlor Holdings. However, Tidlor Holdings and the company’s shareholders are currently in the process of obtaining additional approvals and consents from other relevant regulatory authorities to proceed with the restructuring plan. Consequently, the Tender Offer process has been rescheduled to within 2025. The company remains committed to leveraging and advancing its InsurTech Platform to drive continuous growth in its insurance brokerage business. Investors can continue to invest in and trade TIDLOR securities as usual.
Mr. Piyasak expressed confidence in the company’s business performance during Q4 2024, highlighting the continued strong growth of the insurance brokerage business and the recovery of the lending business, which has shown increased expansion compared to the previous quarter. The company continues to manage costs efficiently while maintaining the NPL Ratio below 2%, in line with the set target. The current NPL Ratio also remains significantly lower than the industry average, reflecting effective risk management.
Investors can stay updated on the progress of the shareholding and management restructuring plan, as well as the Tender Offer, by visiting www.tidlorinvestor.com or www.set.or.th.
