HUT: Results of Extraordinary General Meeting of Shareholders 2009

Tasco JSC has disclosed the results of its Extraordinary General Meeting of Shareholders held on 22/07/2009.  The following resolutions were approved:

1. Seasoned issue plan to increase Charter Capital

- Total volume of shares to be offered: 8,000,000 shares

- Stock type: Common stock

- Par value: VND 10,000

- Offering method: Placement

- Time: After completing procedures

- Subject of the placement: Outstanding shareholders, strategic investors, staffs

- Offering price:

+ Outstanding shareholders:

·         Volume of shares to be offered: 5,500,000 shares

·         Price: VND 10,000/ share

·         Exercise rate: 1:1 (shareholders are entitled to have 1 share purchase right for every a share they own and they can buy 1 new share with every share purchase right)

+ Strategic shareholders:

·         Volume of shares to be offered: 2,225,000 shares

·         Price: VND 13,500/ share

·         Transfer restriction: within 6 months since the issue date

·         BOD is assigned to choose strategic investors

+ Staff:

·        Price: VND 12,000/ share

·         Transfer restriction: Within 1 year since the issue date

·         Eligibility: Staff signing official labour contract with the company as of 30/6/2009

- With the shares undistributed :

·         Shares offered to outstanding shareholders that are not purchased will be offered to the staff, strategic shareholders  with offering price not under the price offered to outstanding shareholder.

·         Shares offered to the staff that are not purchased will be offered to other staffs, strategic shareholders  with offering price not under the price offered to the staff.

·         Shares offered to strategic shareholders that are not purchased will be offered to other investors shareholders  with offering price not under the price offered to the staff. In this case, underwritten issue will be chose if necessary.

- Use of proceeds:

+ New road from Nam Dinh to Phu Ly

+ Upgrade National Road 10 (KM92+900 – KM98+400)

+ Improve the road from Le Duc Tho to Xuan Phuong new building

- Listing new shares in HNX

- The BOD is assigned to carry out procedures regarding issue and additional listing.

2. Change in address of Head Office:

The Boar of Directors will :

- Select the place, partner, area, price

- Decide the terms and sign contract

- Make financial plan and chose partner for loans

3. Change in company’s charter

hnx

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