Summit Power Limited announcements
394 Dhaka Stock Exchange announcements for Summit Power Limited (SUMITPOWER) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (16).
- Expiry of PPA of Summit Madhabdi Power Plant Unit 2
(Continuation news of SUMITPOWER): The Company has also informed that as the PPA term is over, the plant is in shut-down condition from mid-night of December 15, 2021 until further instruction from Bangladesh Rural Electrification Board (BREB) or Ministry of Power Energy and Mineral Resources for operation of the Power Plant. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Continuation of SUMITPOWER): The Company also informed that drop in the net profit after tax and operating cash flows for the quarter under report against corresponding period of last year occurred because there was no operation of Madanganj Power Plant (Unit 1), a 102-MW HFO-fired power plant under Summit Power Limited, due to expiry of Power Purchase Agreement (PPA). However, the extension process of PPA of the said plant is ongoing. (end)
The first part of this announcement is missing from the archive. - Expiry of PPA of Summit Chandina Power Plant Unit -2
(Continuation news of SUMITPOWER): Mean-while as the PPA term is over, the plant is in shut-down condition from mid-night of November 14, 2021 until further instruction from Bangladesh Rural Electrification Board (BREB) or Ministry for operation of the Power Plant. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
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 November 15, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Resumption after record date
Trading of the shares of the Company will resume on 25.10.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.10.2021.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 19.10.2021 to 21.10.2021. Trading of the shares of the Company will remain suspended on record date i.e., 24.10.2021.
- Emphasis of Matter
(Continuation news of SUMITPOWER): amounting to Taka 6,314,245,819 is recoverable based on the outcome of writ petition filed with the High Court Division of the Honorable Supreme Court of Bangladesh. Our opinion is not modified in respect of the above matters. (end)
The first part of this announcement is missing from the archive. - Information on receivable from BREB
The Company has informed that management has explained that the receivable from Bangladesh Rural Electrification Board (BREB) amounting to Tk. 6,314,245,819.00 is receivable based on the outcome of writ petition filed with the High Court Division of the Honorable Supreme Court of Bangladesh.
- Dividend Declaration
(Continuation news of SUMITPOWER): The Company also informed that no dividend has been declared out of the capital reserve account or revaluation reserve account or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (27.09.2021) following its corporate declaration.
- Expiry of Madanganj Power Plant
The Company mentioned that the power purchase agreement with BPDP regarding Madanganj Power Plant with 102 MW capacity expired on 31 March, 2021. The operation at this plant is suspended now. A proposal for extension of the PPA of this plant is under active consideration of the Government of Bangladesh under 'no-electricity, no-payment' without any guaranteed off-taka.
- Updating Information
(Continuation news of SUMITPOWER): along with the name of the contact person in this connection to the Company's share office (Summit Centre, 9th Floor, 18, Karwan Bazar C/A, Dhaka-1215) on or before December 05, 2021. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 19(1)
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 September 26, 2021 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Board Meeting schedule under LR 16(1)
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 29, 2021 at 1:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.