Disclosure Information Detail

Logo:
Issue Code:LA3000040003
Disclosure Organization:Petroleum Trading Lao Public Company
Disclosure Date:28-04-2017
Disclosure Time:14:31:06
Disclosure Title:Notification of the Resolutions of the Annual General Shareholder Meeting of 2016 of Petroleum Trading Lao Public Company.
Disclosure Type:Timely Disclosure
Disclosure Reason:Shareholder’s Meeting
Market Classification:Listed Company
Disclosure Detail:

No. 042/PTL/2017

            Date 28 April 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 Resolutions of the Annual General Shareholder Meeting of 2016 of Petroleum Trading Lao Public Company.

  • According to the approval of the Lao Securities Commission Office regarding to the rules and regulation of report disclosure no.007/LSC, dated 3/4/2014.
  • According to the regulation of Lao Securities Exchange regarding to the disclosure no.22/LSX, dated 7/1/2011

The Annual General Shareholder Meeting of 2016 (“the Meeting”) of Petroleum Trading Lao Public Company (“the Company”) held on 27th April 2017 at 10:00 AM on the 8th floor of Lao Securities Exchange Building, Phonthan Neua Village, Saysettha District, Vientiane, Lao P.D.R. There were 32 shareholders to attending the meeting representing 188,534,121 shares or 80.23% of the total paid-up shares. The meeting has resolved as follow:

1. Adopted the results from the business operation of 2016.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,523,121    votes    or equal to 100 %       
  • Disapproved          0                    votes    or equal to 0 %
  • Total                     188,523,121    votes    or equal to 100 %

2. Adopted the Business Plan of 2017.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,534,121    votes    or equal to 100 %       
  • Disapproved          0                    vote     or equal to 0 %
  • Total                     188,534,121    votes    or equal to 100 %

3. Adopted the audited Financial Statement from external auditor of 2016.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,534,121    votes    or equal to 100 %       
  • Disapproved          0                    vote     or equal to 0 %
  • Total                     188,534,121    votes    or equal to 100 %

4. The Resolution of Meeting approved no dividend payment determided due to the Company suffered a loss from the business operation results of 2016.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,534,121    votes    or equal to 100 %       
  • Disapproved          0                    vote     or equal to 0 %
  • Total                     188,534,121    votes    or equal to 100 %

5. Adopted to authorization the Board of Directors for determining the dividend payment for one time per year in 2017.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,534,121    votes    or equal to 100 %       
  • Disapproved          0                    vote     or equal to 0 %
  • Total                     188,534,121    votes    or equal to 100 %

6. Adopted to appointment the new external auditor is PricewaterhouseCoopers (Lao) Sole Company Limited of 2017 and determination of the remuneration fee USD55,000 – USD 57,000.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,534,121    votes    or equal to 100 %       
  • Disapproved          0                    vote     or equal to 0 %
  • Total                     188,534,121    votes    or equal to 100 %

7. Adopted renewal the current Board of Directors and independent audit committee for one more term.

The following resolution was approved by the unanimous votes, detailed as follow:

  • Approved              188,534,121    votes    or equal to 100 %       
  • Disapproved          0                    vote     or equal to 0 %
  • Total                     188,534,121    votes    or equal to 100 %

In the Annual General Shareholder Meeting has no any issue, the Chairman of Board of Directors has announce closed meeting at 12:00 a.m.

Therefore, we are please to informed you accordingly.

 

           Yours Sincerely,

           Chairman of Board of Directors

Petroleum Trading Lao Public Company

Vang RATANAVONG

Other reference:

Attached File(s)

ການແຈ້ງມະຕິກອງປະຊຸມສາມັນຜູ້ຖືຮຸ້ນປະຈຳປີ 2016 _LAO.pdf
Notification the Resolution of AGM of 2016 _ENG.pdf