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CMX: BOD resolution dated July 10, 2020 The Board resolution dated July 10, 2020, the BOD of Ca Mau Group Joint Stock Company approved the following issues:
1) Approving the stock issuance to raise charter from the owner’s equity:
- Stock name: Ca Mau Group Joint Stock Company
- Stock code: CMX
- Stock type: common share
- Par value: VND 10,000/share
- Number of shares issued: 26,442,468 shares
- Number of outstanding shares: 26,442,468 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 2,644,246 shares
- Total value (based on par value): VND 26,442,460,000
- Issue ratio: 10:1 (shareholder who owns 10 shares will receive 01 new share).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- Time of implementation: expected in 2020 after being approved by the State Securities Commission of Vietnam (SSC).
2) Approving the stock issuance under ESOP:
- Expected issue volume: 1,322,123 shares
- Par value: VND 10,000/share
- Total value (based on par value): VND 13,221,230,000
- Issue ratio: 5%
- Time of implementation: expected in 2020 after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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