EDL-Gen readies to pay dividend

Vientiane: The index flatlined yesterday but EDL-Gen shares were the only stock to trade and saw volumes almost double to the previous day. BCEL may have disappointed but sellers are looking towards a much higher price. EDL-Gen was unchanged in its very familiar “sawtooth” daily volumes pattern. Volumes suggest there is demand at a higher price soon, just around the corner.

EDL-Gen's dividend payment is due on April 9: Pursuant to the Disclosure Regulation of the Lao Securities Exchange No. 22/LSX dated 7 January 2011. Approved the dividend payment from the business operating result of the Company for the last 6-month-period of 2011 (01/07/2011-31/12/2011) after deducting legal reserve fund, reserve fund for power plant repair, reserve fund for business expansion and reserve fund for employee remunerations, to the shareholders whose names appear in the shareholder register book on the closing date of the shareholder register book suspending the transfer of shares to determine the rights of shareholders to receive dividend on 03/04/2012 at the rate of 320 kip per share, at the total of dividend to be paid of 277,951 million kip (before tax) and the dividend payment shall be made by 09/04/2012. (In this regard, the total dividend of the Company for the year 2011 is at the rate of 497.97 kip per share, equaling to the total paid dividend of 432,532 million kip, a part of which was previously paid by the Company for the first 6-month-period of 2011 at the rate of 177.97 kip per share, equaling to the paid dividend of 154,581 million kip (before tax)). For more details go to www.bcel-kt.com/.../.

vientiane times

>   BCEL to pay first dividend in March (13/01/2012)

>   Ex-Dividend date of EDL-Gen Share (18/10/2011)

>   EDL Gen shareholders to get first dividend (10/09/2011)