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SUMITPOWER

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SUMITPOWER 23-Apr-2017

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 28, 2017 at 2:15 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.

SUMITPOWER 13-Apr-2017

The Company has informed that ACE ALLIANCE POWER LIMTED (64% of Summit Power Limited) has signed the Power Purchase Agreement (PPA) for the development of a Dual Fuel (HFO/Gas)  Fired Power Generation Facility of 149 MW at Kodda, Gazipur, Bangladesh with Bangladesh Power Development Board (BPDB) along with the Implementation agreement (IA) with the Government of Bangladesh (GOB).

SUMITPOWER 05-Mar-2017

Credit Rating Information and Services Limited (CRISL) has rated the Company as "AAA" in the long term and "ST - 1" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2015, un-audited financials up to September 30, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

SUMITPOWER 01-Feb-2017

(Q2 Un-audited): Consolidated EPS was Tk. 1.00 for October-December, 2016 as against Tk. 0.92 for October-December, 2015; Consolidated EPS was Tk. 2.04 for July-December, 2016 as against Tk. 1.76 for July-December, 2015. Consolidated NOCFPS was Tk. 0.70 for July-December, 2016 as against Tk. 2.27 for July-December, 2015. Consolidated NAV per share was Tk. 28.37 as of December 31, 2016 and Tk. 26.48 as of June 30, 2016.

SUMITPOWER 25-Jan-2017

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 31, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.

SUMITPOWER 29-Dec-2016

The Company has informed that the extension of contract for 102 MW HFO based Narayanganj Power Plant for the next 5 years for supply of power has been executed with Bangladesh Power Development Board (BPDB) with effect from April 01, 2016.

SUMITPOWER 20-Dec-2016

(Continuation news of SUMITPOWER): revenue from Madanganj Power Plant (formerly under Summit Narayanganj Power limited) for the period from April 2016 to June 2016 based on the estimated tariff rate as proposed by Bangladesh Power Development Board and Note 12.1: Management explains that the receivable from Bangladesh Rural Electrification Board is recoverable based on the outcome of recent arbitration. Our opinion is not qualified with regard to any of the above matters. (end)

SUMITPOWER 20-Dec-2016

(Continuation news of SUMITPOWER): merged financial statements for these companies as a single entity with retrospective effect from the appointed date. Note 1.4: Management discloses that the Legacy Power Purchase Agreement relating to Madanganj Power Plant (formerly under summit Narayanganj Power limited) with Bangladesh Power Development Board expired on 31 March 2016 and explains why it believes the agreement will be extended for another five years. Note 30.1: Management accounted for (cont.2)

SUMITPOWER 20-Dec-2016

The auditor of the company has given the following 'Emphasis of Matter' paragraph in the audit report of the company prepared for six months ended on 30 June 2016. Emphasis of Matters: We draw users' attention to the following notes to the financial statements: Note 1.3: Management explains the amalgamation process of Summit Purbanchol Power Company Limited, Summit Uttaranchal Power Company Limited and Summit Narayanganj Power Limited with Summit Power Limited and the grounds for preparing (cont.1)

SUMITPOWER 13-Oct-2016

The Company has informed that The Board of Directors has taken decision to extend the current financial year of the Company for 18 (eighteen) months from 1st January 2016 to 30th June 2017 with the approval of Register of Joint Stock Companies & Firms (RJSC&F) as per section 183 (4) of the Companies Act, 1994.

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