7/29/2019 Lao PDR Extra ordinance
EDL-Generation Public Company (EDL-Gen) notified the important resolutions from its Boardof Directors meeting dated August 30, 2011 as follow:
I. Arrange an Extraordinary General Shareholders Meeting (EGM) on October 3,2011
EDL-Gen will convene an Extraordinary Shareholders Meeting No. 1/2011 on October 3,
2011 to consider various significant agenda:
1) To purchase the shares of 4 independent power projects (IPPs) from Electricite DuLaos (EDL)
2) To increase the registered capital via rights offering and public offering3) To pay an Interim dividend.The share register book shall be closed to determine the rights to attend the EGM No.
1/2011 on September 9, 2011. (Ex-meeting date on September 8, 2011)
II. Increase capital to finance future expansion.EDL-Gen announced the increase of the registered capital from 868,597,050 shares (par
value 4,000 kip) to 1,226,216,765 shares by issuing 357,619,715 new ordinary shares.
1) 217,149,263 shares shall be offered to existing shareholders (RO) whose name appearin the shareholder register book on October 4, 2011 (Ex-Right on October 3), with the
subscription ratio of four existing shares per one new share (any fraction of shares
shall be discarded) at 4,300 kip a piece.
2) The remaining 140,470,452 shares will be offered through public offering (PO) at theoffering price not less than 4,800 kip a share. The schedule and final offering price
will be informed later.
The proceeds from the capital increase will be used to purchase the ordinary shares of 4
IPPs as shown in table below from EDL in the total amount not exceeding
Table 1: List of assets to be purchased
Total price not
1 Theun-Hinboun Power Co.,Ltd. 60 660,000 1,120,695,600,000
2 Houay Ho Power Co., Ltd. 20 100,000 17,446,800,000
3 Nam Lik 1-2 Power Co., Ltd. 10 29,840 32,240,400,000
4 Nam Ngum 2 Power Co., Ltd. 25 10,000,000 454,742,400,000
EDL-Generation Public Company
Listed company updateSeptember 01, 2011
7/29/2019 Lao PDR Extra ordinance
Please note that EDL, the major shareholder, intends to subscribe all of its ROs and
105,352,839 shares of PO portion to retain its 75% holding in the company. The payment
of EDL will be made in kind (shares of 4 IPPs).
III. First dividend payment: 160.17 kip/share.EDL-Gen also announced to pay dividend (after tax) for 1H11 performance at 160.17 kip a
share. The total amount of dividend (before tax) to be paid is 154,579 million kip. This
account for 82% of the 188,511 million kip earned in 1H11, with an annualized yield of
7.42% (the calculation is based on its closing price as of September 01, 2011: 4,800
kip/share). The share registration book closing date to determine a right to receive
dividend will be on October 25, 2011 (Ex-dividend date on October 24) and dividend
payment will be made on October 28, 2011.
IV. Calendar for EDL-GenDate Details
September 7, 2011 Last date to buy share (s) to have right to attend EGM No. 01/2011
September 8, 2011 Ex-meeting date
September 9, 2011 Close register book to determine the rights to attend EGM No. 01/2011
September 30, 2011 Last date to buy share (s) to have right to subscribe RO shares
October 3, 2011 EGM date and Ex-right date
October 4, 2011 Close register book to determine the rights to subscribe RO shares
October 21, 2011 Last date to buy share (s) for receiving dividend
October 24, 2011 Ex-dividend date
October 25, 2011 Close register book to determine the rights for dividend payment
October 28, 2011 Dividend payment date
This document is produced using open sources believed to be reliable. However, their accuracy and completeness cannot be guaranteed. The
statedments and opinions herein were formed after due and careful consideration for use as information for the purposes of investment. The opinions
contained herein are subject to change without notice. This document is not, and should not be construed as, an offer or the solicitation of an offer to
buy or sell any securities. The use of any information contained in this document shall be at the sole discretion and risk of the user.
BCEL-KT Securities co.,ltd is the joint venture company between Banque Pour Le Commerce Exterieur Lao public and KT ZMICO Securities co.,ltd