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VFC: The record date for new issues of shares
Vinafco Joint Stock Corporation (VINAFCO) will issue bonus shares as follows:
- Stock symbol: VFC
- Stock type: common stock
- Par value: VND10,000
- Ex-right date: August 01st, 2008
- Record date: August 05th, 2008
- Trading date: expected on October 20th, 2008.
1. Bonus shares issuance:
- Apportion ratio: 1:1
- Exercise ratio: 20:3
The one who owns 20 shares at the record date will receive 3 new shares. The volume of bonus shares will be rounded down. The fraction parts will be canceled by VINAFCO.
For example, at the record date, shareholder A currently owns 953 shares, the calculation as follows:
+ The number of shares distributed in theory: (953 x3)/20 = 142.9 shares
+ The number of shares in practice: 142 shares
+ The number of shares canceled by the company: 0.9 share
- The right to receive bonus shares is not transferable. The shareholders who are currently restricted to transfer their shares can receive bonus stock.
- Issuing volume: 1,016,350 shares
2. An offering to existing shareholders:
- Apportion ratio: 01: 01
- Exercise ratio: 01: 01. (The one who owns 1 share at the record date can buy 1 new share.)
- Offer price: VND10,000 / share
- Offer volume: 6,775,627 shares
- The bid right is transferable.
- Time to transfer the bid right: from 08/18/2008 to 09/11/2008.
- Time for registration and deposit: from 08/18/2008 to 09/15/2008
- Bank for blocking depository money:
+ Vietnam Bank for Industry and Trade (Vietinbank) – Dong Da Branch
Address: 187 Tay Son, Dong Da Dist., Hanoi City.
+ Account holder: Vinafco Joint Stock Corporation
+ Account number: 179010000000774
- The volume which is refused by shareholders (if any) will be offered to strategic partners at VND15,000 per share.
- Place of registration:
+ Shareholders whose shares have been deposited: the holders will receive bonus shares and register to buy new shares at the securities firms where their shares have been deposited. Đối
+ Shareholders whose shares have not been deposited: the holders will receive bonus shares and register to buy new shares at VINAFCO from 08/18/2008 to 09/15/2008.
3. An offering to VINAFCO’s employees:
- Offer volume: 200,000 shares
The volume which is refused by the employees (if any) will be offered to strategic partners.
- Offer price: VND10,000 / share
4. An offering to strategic partners:
- Offer volume: 5,132,396 shares and the undistributed volume.
- Offer price: VND15,000 / share
5. An offering to the talent development fund of Vinafco:
- Offer volume: 100,000 shares
- Offer price: VND10,000 / share
Vietnam Securities Depository – HCMC Branch will suspend depository activities for VFC on August 04th, 05th and 06th, 2008.
HoSE
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