AES Extends Gener Offer Pending Shareholder Meeting Results.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Dec. 8, 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 it had extended until 12:00 midnight on Tuesday, December 12, 2000, the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 Gener American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. pending the outcome of the vote of Gener shareholders. As previously announced, Gener shareholders are scheduled to vote on December 12th on an amendment to Gener's Bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an to eliminate the provisions that limit the number of shares that may be owned or voted by any shareholder or related person. The amendment of Gener's Bylaws is a condition of AES's offers to exchange Gener's ADSs and to purchase Gener's shares. As of the close of business on December 7, 2000, 732,937 ADSs had been tendered and not withdrawn pursuant to the exchange offer. Except as modified by this extension, the terms and conditions of the exchange offer and AES's concurrent Chilean offer remain in effect and unmodified. 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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