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SGC: Resolution of BOD
Sagiang Import-Export Corporation (SAGIMEXCO DONG THAP) has informed of resolution of BOD as follows:
Article 1: The second dividend payment in advance for 2008 with ratio of 8%/par value.
- Total payment cost: VND4,765,121,600
- Payment date: before December 26th 2008
Article 2: Offering shares to existing shareholders:
- Exercise ratio: 4:1 (On the record date, a shareholder who owns 4 shares will have 1 right; 1 right can buy 1 new share). The number of additionally issued shares is rounded in unit.
- Issuing price: VND10,000/share
- Issuing volume: 1,489,100 shares
- Total value: VND14,891,000,000
- Transference principle: the right of buying shares is transferred only once. Additionally issued shares are not limited to transfer.
- The shares, which shareholders refuse to exercise their right, will be offered to others at the price not less the one to existing shareholders.
Article 3: Offering preferred shares to key employees
- Issuing volume: 208,000 shares
- Issuing price: 50% of the average price in 5 consecutive trading days before the issuing date.
- Total value: VND2,080,000,000
- Transference principle: the right of buying shares is transferred only once. Additionally issued shares are not limited to transfer.
- Criteria, conditions and policy of offering preferred shares to key employees are regulated in the document that was passed in the annual shareholders’ meeting dated April 26th 2008.
Article 4: Raising capital from the issuance in order to construct the Sa Giang prawn cracker manufacture factory at the A1 Industrial Zone, Sa Dec Industrial Zone, Dong Thap Province.
HOSE
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