Disclosure Information Detail

Logo:
Issue Code:LA3000040003
Disclosure Organization:Petroleum Trading Lao Public Company
Disclosure Date:29-03-2017
Disclosure Time:16:32:36
Disclosure Title:Notification of the Important Resolution of Board of Director’s meeting No.II/2017.
Disclosure Type:Timely Disclosure
Disclosure Reason:Resolution of BOD's meeting
Market Classification:Listed Company
Disclosure Detail:

          No.: 024 /PTL/2017

          Vientiane Capital, Date 29 / 3/ 2017.

 

                      To:          Secretary - General of the Lao Securities Commission Office.

                        The CEO of the Lao Security Exchange.

                        Shareholders of Petroleum Trading Lao Public Company

Re:        Notification of the Important Resolution of Board of Director’s meeting No.II/2017.

  • Pursuant to the Regulation in relation to reporting and Disclosure of information No.007/LSCO, dated 3/4/2014
  • Pursuant to the Regulation of Lao Securities Exchange regarding the disclosure No.22/LSX, dated 07/1/2011.

         The Petroleum Trading Lao Public Company (“PTL”) would like to notify the important resolutions of the Board of Director meeting No.II/2017, date 28th March 2017, time 15:00 at the 6 Floor, Petrotrade Building.

         The meeting have discussion about the important resolution as follows:

Agenda 1: Consider for the audited financial statement from external auditor for 2016 and submit to the annual general shareholders meeting for consideration and approval;

Agenda 2: Consideration for approval of the determined dividends payment from the PTL’s operational performance of 2016 after reserved fund required by regulation and submit to the annual general shareholders meeting for consideration and approval;

Agenda 3: Consider the authorization for determining the interim dividend payment for the year 2017 shall be entitled to the consideration of the Board of Directors and submit to the annual general shareholders meeting for consideration and approval;

Agenda 4: Consider and appointment of the new external auditor based on Letter of Intend from PricewaterhouseCoopers (Lao) Sole Co., Ltd. have proposed to PTL to be the auditor for 2017 and determination of the remuneration estimated USD55,000 – USD57,000 and submit to the annual general shareholders meeting for consideration and approval;

Agenda 5: Adopted the date of the annual general shareholders meeting for 2016 on 28th April 2017, at 10:00AM at the conference room on the 8th Floor, Petrotarde Building, whose names are recoded in the registered book as of the recoded date on 24 Mach 2017 with the following agendas:

                                    Agenda 1.  Consideration for the adoption of PTL’s operational performance of 2016

Agenda 2.  Consideration for the adoption of business plan of 2017;

Agenda 3.  Consideration for the adoption of financial report reviewed from external auditor of 2016;

Agenda 4.  Consideration for the adoption of the determined dividends payment from the PTL’s operational performance of 2016 after reserved fund required by regulation; whose names are recorded in the registered book as of the record date on 24 March 2017.

Agenda 5. Consideration for the adoption of the authorization for determining the interim dividend payment for the year 2017 shall be entitled to the consideration of the Board of Directors;

Agenda 6. Consideration for the adoption of nominated external auditor of 2017 is PricewaterhouseCoopers (Lao) Sole Co., Ltd. (“PwC”) and determination of the remuneration estimated USD55,000 – USD57,000; and  

Agenda 7. Consideration for the adoption of renewal the Board of Directors and independent audit committee for one more term.

 

                                                                                                                  Your sincerely,

                        Chairman of Board of Director

                        Vang Ratanvong

 

Other reference:

Attached File(s)

Notification of the Important Resolution of BOD No.II-2017_Lao.pdf
Notification of the Important Resolution of BOD No.II-2017_Eng.pdf