AES Announces Chilean Offer Date and Extends U.S. Exchange Offer.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Dec. 20, 2000 The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. (NYSE NYSE See: New York Stock Exchange :AES) announced today that the Santiago Stock Exchange The Santiago Stock Exchange (Bolsa de Comercio de Santiago, SSE), founded in November 27, 1893, is Chile's dominant stock exchange. Operations and Indices The exchange trades in stocks, bonds, investment funds, stock options, futures, gold and silver coins minted by the Banco auction transaction, or remate, in connection with AES's offer to purchase in Chile 3,466,600,000 shares of Gener common stock had been scheduled to be held on Thursday, December 28, 2000. AES also announced that it had extended until 3:00 p.m. on Friday, December 29, 2000, the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of its offer to exchange all American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. of Gener S.A. for AES common stock having a value of US $16.50 per ADS. Except as modified by this extension, the terms and conditions of the U.S. exchange offer remain in effect and unmodified. As of the close of business on December 19, 2000, 11,407,276 ADSs had been tendered and not withdrawn pursuant to the exchange offer. AES also announced that based on the Friday, December 29 expiration date, the last day of the ten New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. trading day period used to calculate the fraction of an AES share to be exchanged for each Gener ADS in the U.S. exchange offer would be Wednesday, December 27, 2000. AES is a leading global power company comprised of competitive generation, distribution and retail supply businesses in Argentina, Australia, Bangladesh, Brazil, Canada, China, Colombia, Dominican Republic, El Salvador, Georgia, Hungary, India, Kazakhstan, the Netherlands, Mexico, Pakistan, Panama, Sri Lanka, the United Kingdom, the United States and Venezuela. The company's generating assets include interests in one hundred and thirty nine facilities totaling over 49 gigawatts of capacity. AES's electricity distribution network has over 920,000 km of conductor and associated rights of way and sells over 126,000 gigawatt gig·a·watt n. Abbr. GW One billion (109) watts. hours per year to over 17 million end-use customers. In addition, through its various retail electricity supply businesses, the company sells electricity to over 154,000 end-use customers. AES is dedicated to providing electricity worldwide in a socially responsible way. For more general information visit our web site at www.aesc.com or contact investor relations Investor relations The process by which the corporation communicates with its investors. at investing@aesc.com. The list aes-pr-announce is an automated mailing list and can be found on the investing page of our web site. Those who subscribe to this list will receive updates when AES issues a press release. |
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