Disclosure Information Detail

Logo:
Issue Code:LA3000020005
Disclosure Organization:EDL-Generation Public Company
Disclosure Date:10-02-2020
Disclosure Time:11:24:05
Disclosure Title:Notification of the Important Resolutions of the Extraordinary Board of Director’s meeting No. 1/2020.
Disclosure Type:Timely Disclosure
Disclosure Reason:Resolution of BOD's meeting
Market Classification:Listed Company
Disclosure Detail:

EDL-Generation Public Company (the “Company”) would like to notify the important resolutions of the Extraordinary Board of Directors meeting No. 1/2020 dated 07 February 2020 as follows

  1. Determined 12 March 2020 as the record date/closing date of the shareholder register book to determine the rights of shareholders to attend the the Annual General Shareholders’ Meeting for the year 2019 and authorized Managing Director and/or any person entrusted by such person shall be authorized under the law and related regulations, to change the record date/closing date of the shareholder register book to determine the rights of shareholders to attend the Meeting.
  2. Determined the date of the Annual General Shareholders’ Meeting for the year 2019 to be held on 29 April 2020 at 15:00, at Meeting Room 1st Floor, EDL Headquarter Building, Lao-Thai Friendship Road, Thongkang Village, Sisattanak District, Vientiane Capital and authorized Managing Director and/or any person entrusted by such person shall be authorized  under the law and related regulations, to change the date, time and the venue of the Annual  General Shareholders’ Meeting for the year 2019.
  3. Approved the remuneration of the Board of Directors, Secretary Department to the Board of Directors and other invitees who attend the meetings of the Board of Directors by decreasing of multiplier from two months to be one and a half months as per the following details:

       1) Chairman of the meeting receives meeting allowance equivalent to 100 percent of one and a half month salary of the Managing Director  (CEO) (before tax deduction);

       2) Vice Chairman of the meeting receives meeting allowance equivalent to 75 percent of one and a half month salary of the Managing Director (CEO) (before tax deduction);

       3) Each Director receives meeting allowance equivalent to 50 percent of one and a half month salary of the Managing Director (CEO) (before tax deduction);

      4) Each of the Secretary Department to the Board of Directors and invitees attending the meeting receives meeting allowance equivalen to  80 percent of the meeting allowance of a director. This matter shall be proposed to the Annual General Shareholders’ Meeting for the year 2019 for further consideration.

 4. Approved the appointment of the independent auditor, i.e. PricewaterhouseCoopers (Laos) Sole Co., Ltd (PwC Laos) to be the independent auditors of the Company for the year 2020 to 2022, due to PwC Laos has won the bid. The remuneration of the independent auditor for the year 2020 shall be not exceeding of KIP 701.215.000, the remuneration of the independent auditor for the year 2021 shall be not exceeding of KIP 722.500.000and the remuneration of the independent auditor for the year 2022 shall be not exceeding of KIP 744.049.000. This matter shall be proposed to the Annual General Shareholders’ Meeting for the year 2019 for further consideration.

 

                                                        Please be informed accordingly for reporting purpose.

 

                                                                                                     Sincerery Yours,

                                                                             Director of Board of Directors/Managing Director

                                                                                                                    -signature-

                                                                                                         Rattana PRATHOUMVAN

Other reference:
  • Pursuant to the Decision of the Securities and Exchange Commission  re: Reporting and Disclosure Regulation  No. 04/LSC dated 28 January 2019;
  • Pursuant to the Disclosure Regulation of the Lao Securities Exchange No. 330/LSX dated 27 September 2018.

Attached File(s)

Notification of the important Resolutions of the Extraordinary Board of Director's meeting No. 1.2020 LAO.pdf
Notification of the important Resolutions of the Extraordinary Board of Director's meeting No. 1.2020 ENG.pdf