Disclosure Information Detail

Logo:
Issue Code:LA3000020005
Disclosure Organization:EDL-Generation Public Company
Disclosure Date:23-03-2020
Disclosure Time:16:23:42
Disclosure Title:Notification of the Important Resolutions of the Ordinary 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 Ordinary Board of Directors meeting No. 1/2020 dated 20 March 2020 as follows:

  1.  Approved the nomination of new members of the Board of Directors in replacement of the members of the Board of Directors whose term are finished as follow:

 

  1. Dr. Khammany INTHIRATH                     Chairman
  2. Mr. Bounoum SYVANPHENG                  Vice Chairman
  3. Mrs. Rattana PRATHOUMVAN                Director
  4. Mr. Khampheng THINNAKONE                Director
  5. Mr. Somphit KEOVICHIT                         Director
  6. Mr. Komochanh PHETASA                      Director
  7. Mr. Khamkeo VISYSOMBATH                 Independent Director
  8. Mrs. Thavichanh THIENGTHEPVONGSA Independent Director
  9. Assoc. Prof. Phouphet KYOPHILAVONG Independent Director

And the determination of the authority of directors who can sign to bind the company to be as follows:

  1. Any one of the chairman of the Board of Directors or the vice chairman of the Board of Directors or the Managing Director (CEO) signs alone with the company’s seal affixed; or
  2. Any two directors jointly sing together with the company's seal affixed.

And this matter shall be proposed to the Annual General Shareholders’ Meeting for the year 2019 for further consideration.

      2. Approved the amendments to the Articles of Association of the Company in Article 4 location of headquarter and branches and Article 9 Directors.

     1) Amendment to Article 4: location of headquarter and branches: added Xeset 3 Hydropower Plant, Nam Khan 3 Hydropower Plant and Nam Chiean Hydropower Plant due to completion of asset transffer from Electricite Du Lao.

     2) Amendment to Article 9 Directors: Changed names and information of new Board of Directors in replacement of the members of the Board of Directors whose term are finished.

        And authorized Managing Director and/or any person entrusted by such person to amend the Articles of Association of the Company and legal document related i.e: the Enterprise Registration Certificate and the Contract of Incorporation of the Company according to recommendations of the Commerce Registrar and/or the officers of the Lao Securities Commission, and the Lao Securities Exchange.

     3. Determined the Agenda of the Annual General Shareholders’ Meeting for the year 2019 as follows:

Agenda 1: Report of the implementation Resolutions of previous Annual General Shareholders’ Meeting.

Agenda 2: To consider and adopt the Minutes of the Annual General Shareholders’ Meeting for the year 2018.

Agenda 3: To consider and adopt the financial statements of the company for the first 6-month-period of the year 2019 and the dividend payment from the business operating result for the first 6-month-period of the year 2019.

Agenda 4: To consider and adopt the report on the business operating result of the Company for the year 2019, the financial statements of the Company for the year 2019, and the business plan of the Company for the year 2020.

Agenda 5: To consider and approve the dividend payment from the business operating result for the last 6-month-period of 2019.

Agenda 6: To consider and approve the appointment of the independent auditor and the determination of the remuneration of the independent auditor from the year 2020-2022.

           Agenda 7: To consider and approve 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

Agenda 8: To consider and approve the new members of the Board of Directors in replacement

                  of the members of the Board of Directors whose term are finished.

Agenda 9: To consider and approve the amendments to the Articles of Association of the Company in Article 4 location of headquarter and branches and Article 9 Directors.

 

                                           Please be informed accordingly for reporting purpose.

 

                                                                                 Sincerery Yours,

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