Disclosure Information Detail

Logo:
Issue Code:LA3000040003
Disclosure Organization:Petroleum Trading Lao Public Company
Disclosure Date:19-05-2017
Disclosure Time:15:16:03
Disclosure Title:Minutes of Meeting of Annual General Shareholders’ Meeting of 2016
Disclosure Type:Timely Disclosure
Disclosure Reason:Minutes of Shareholders' meeting
Market Classification:Listed Company
Disclosure Detail:

Petroleum Trading Lao Public Company (“PTL”) was held the Annual General Shareholders’ Meeting of 2016 on 27th April 2017 at 10:00 AM on the 8th floor of Lao Securities Exchange Building, Phonthan Village, Saysettha District, Vientiane Capital. There were 32 shareholders and proxies attending the Meeting representing 188,534,121 shares or 80.23% of the total paid-up shares. Thereby forming a quorum pursuant to the Enterprise Law and the Articles of Association of the company.

The host introduced each of directors and the relevant officers attending the meeting as followed:

  1. Mr. Vang Rattanavong                       Chairman of board of director/Chairman ofInternal Audit Committee / Independence Director
  2. Mrs. Savanhthong Phongsavanh         Vice Chairman of Board of Director.
  3. Mr. Chanthone Sitthixay                     Vice Chairman of Board of Director / CEO
  4. Mrs. Daly Pholsena                            Independence Director / Vice Chairman of Internal Audit Committee
  5. Mr. Noophan Mahaphon                     Independence Director / Director of Internal Audit Committee.
  6. Mrs. Chanthadom Meksavanh             Director.
  7. Mr. Phoxay Chanthavongsa                Director.
  8. Mr. Viengkhone Sitthixay                    Director.

In addition, one of director Mr. Bounthanh Chittavong cannot joined this meeting due to on business trip and not appointment a representative and there were representatives from the Lao Securities Commission Office and the Lao Securities Exchange to observing the meeting with individual shareholders.

Prior to the commencement of the meeting, the host has informed the meeting for the agenda, instruction for vote procedure as followed:

Agenda 1: Consideration for adoption of the business operation results of 2016;

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

Agenda 3: Consideration for adoption of the audited financial report from the external auditor of 2016.

Agenda 4: Consideration for 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 dated on 24 March 2017;

Agenda 5: Consideration for adoption of the authorization for determining the dividend payment one (1) time 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. or (“PwC”) and determination of the remuneration; and

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

(For more detial of each agenda please down load in attached file)

At the ending Mr. Vang Rattanavong, Chairman of Board of Director thank the shareholders and representative who attending the Annual General Shareholders’ Meeting of 2016, thank to representative from the Lao Securities Commission Officer and Lao Securities Exchange officers who also attending the meeting today and this meeting was successfully. On behalf of the board of Director and Management team we’re confident that Petroleum Trading Lao Public Company is sustainable growing and transparency with aim to developing society, environment and our country complying to our motto “Plus Energy for the nation, energy for the development” thank you.

The Meeting has no any issue and the chairman declared the meeting adjourned at 12.00 a.m.

                                                                                                       Chairman of Board of Director.

                                                                                                        Mr. Vang Ratanavong

 

Other reference:

Attached File(s)

PTL_Minute of Meeting AGM 2016_Lao.pdf
PTL_Minute of Meeting AGM 2016_English.pdf