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TN1: BOD resolution on planning to issue shares to convert shares The Board resolution dated September 07, 2020, the BOD approved TNS Holdings approved to implement the plan to issue shares in the private issuance to convert shares of M-Talent JSC and TNTECH JSC. Details are as follows:
- Stock name: TNS Holdings
- Stock code: TN1
- Stock type: common share
- Par value: VND 10,000/share
- Number of outstanding shares: 17,555,984 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 3,850,000 shares
- Total value (based on par value): VND 38,500,000,000
- Issuance method: private placement
- Issuance object: shareholders who owns shares of M-Talent and TNTECH
- Issuance purpose: the private issuance to convert shares of M-Talent and TNTECH.
- Convertible ratio of TNTECH shares: 1 : 0.9 (0.9 share of TNTECH will be converted 01 shares of TN1. The number of shares received by TNTECH’s shareholders will be rounded down, the fractional shares will be cancelled).
- Convertible ratio of M-Talent shares: 1 : 1.8 (1.8 shares of M-Talent will be converted 01 shares of TN1. The number of shares received by M-Talent’s shareholders will be rounded down, the fractional shares will be cancelled).
- Time of implementation: Quarter 4/2020 – Quarter 1/2021.
- These shares will be restricted in 01 year from the finish date of the issuance.
- Rights transfer: none. HOSE
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