The Thailand Securities and Exchange Commission has imposed civil sanctions on five individuals for insider trading in Taokaenoi Food & Marketing Public Company Limited (TKN) shares and, for three of them, aiding and abetting the offenses. The Civil Sanction Committee ordered total payments of THB 16,392,684 and barred each individual from serving as a director or executive of securities issuers and securities companies for specified periods. The SEC’s findings, following a Stock Exchange of Thailand referral in March 2023 and further investigation, relate to trading between 5 August and 9 November 2022 using undisclosed information that was materially positive for TKN’s share price, including Q3/2022 net profit of THB 179.97 million and an interim special dividend of THB 0.08 per share, before disclosure to the Stock Exchange of Thailand on 10 November 2022. The SEC found that Mr. Itthipat Peeradechapan (CEO and director) bought TKN shares through Mrs. Phanida Wiriyakitnukun’s account, and Mr. Nutchatpong Peeradechapan (Managing Director – Business Support) bought shares through the accounts of Miss Thitirat Panuvatvanich and Mr. Jakkaphan Sardpreechar. Amounts and bans were set at THB 11,601,063 and 20 months for Mr. Itthipat, THB 2,916,030 and 14 months for Mr. Nutchatpong, THB 625,197 and 13 months for Mrs. Phanida, and THB 625,197 and nine months each for Miss Thitirat and Mr. Jakkaphan. The bans take effect when each offender signs a consent letter agreeing to comply with the sanctions; if consent is refused, the SEC will refer the case to the public prosecutor for a Civil Court lawsuit seeking maximum applicable civil sanctions not lower than those set by the Civil Sanction Committee. Civil penalties and any compensation for benefits received or that would have been received are to be remitted to the Ministry of Finance as public revenue.

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