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SUMITPOWER

All Eps Dividend Board Agm Q1 Q2 Q3

SUMITPOWER 29-Mar-2016

The Company has decided to hold an EGM on April 27, 2016 at 5:00 PM at Krishibid Institute Complex Bd. (KIB), Krishi Khamar Sarak, (Khamarbari) Farmgate, Dhaka-1215 to consider and, if thought fit, to pass the following resolution as special resolution with or without modification in accordance with Court Order: "Resolved that draft scheme of Amalgamation of Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and (cont.1)

SUMITPOWER 16-Mar-2016

(continuation news of SUMITPOWER): and c) approved the Draft Application of Summit Power Limited and Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited for submission to the High Court Division of the Supreme Court of Bangladesh for amalgamation of these Companies under section 228 read with section 229 of the Companies Act, 1994.(end)

SUMITPOWER 16-Mar-2016

(continuation news of SUMITPOWER): and Average Market Price for six months to December 31, 2015 as per DSE Index for listed companies: Summit Power Limited and Summit Purbanchol Power Company Limited and based on Share Value worked out at Weighted Average of Net Asset Value on December 31, 2015 and Average Earning per share based on last five years to December 31, 2015 times average market P/E for non-listed companies: Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited; (cont.3)

SUMITPOWER 16-Mar-2016

(continuation news of SUMITPOWER): b) approved the scheme of Amalgamation, with the exchange ratio of 1.309 shares of Summit Power Limited for 1 share of Summit Purbanchol Power Company Limited, 1.668 shares of Summit Power Limited for 1 share of Summit Uttranchol Power Company Limited and 1.475 shares of Summit Power Limited for 1 share of Summit Narayanganj Power Limited based on Share Value worked out at Weighted Average of Net Asset Value on December 31, 2015 (cont.2)

SUMITPOWER 16-Mar-2016

The Company has informed that the Board of Directors of the Company has approved the followings: a) considered the proposal of merger of Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited with Summit Power Limited with December 31, 2015 as the appointed date subject to approval from High Court Division of the Supreme Court of Bangladesh and other legal/regulatory authorities; (cont.1)

SUMITPOWER 16-Mar-2016

There will be no price limit on the trading of the shares of the Company today (16.03.2016) following its corporate declaration.

SUMITPOWER 16-Mar-2016

The Board of Directors has recommended 12% cash and 6% stock dividend for the year ended on December 31, 2015. Date of AGM: 27.04.2016, Time: 10:30 AM, Venue: Krisibid Institute Complex BD. (KIB), Krishi Khamar Sarak (Khamarbari) Farmgate, Dhaka-1215. Record Date: 05.04.2016. The Company has also reported EPS of Tk. 3.76, NAV per share of Tk. 28.73 and NOCFPS of Tk. 4.46 for the year ended on December 31, 2015.

SUMITPOWER 09-Mar-2016

As per Regulation 19(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 March 15, 2016 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.

SUMITPOWER 29-Dec-2015

Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA+" in the long term and "ST - 1" in the short term based on audited financial statements of the Company up to December 31, 2014, unaudited financials up to September 30, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

SUMITPOWER 25-Oct-2015

(Q3 Un - audited): Consolidated EPS was Tk. 1.05 for July - September, 2015 as against Tk. 0.61 for July -September, 2014; Consolidated EPS was Tk. 2.88 for January - September, 2015 as against Tk. 2.41 for January - September, 2014. Consolidated NOCFPS was Tk. 3.26 for January - September, 2015 as against Tk. 3.12 for January - September, 2014. Consolidated NAV per share was Tk. 28.30 as of September 30, 2015 and Tk. 25.18 as of December 31, 2014.

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