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BMP: Resolution of the Board of Directors
The Board of Directors of Binh Minh Plastics Joint-stock Company (BMP) :
Article 1: Issuing bonus shares to the existing shareholders with a ratio of 1:1.
Approving bonus shares to increase the charter capital from VND173,845,960,000 to VND347,691,920,000 in 2009:
* Stock mane: Stock of Binh Minh Plastics Joint-stock Company
* Stock type: Common stock
* Par value: VND10,000/share
* Object of the issue: Current shareholders
* Offering volume: 17,384,596 shares
* Offering value: VND173,845,960,000
* Current charter capital: VND173,845,960,000
* Number of current shares: 17,384,596 shares
* Total charter capital after issuing: VND347,691,920,000
* Issuing to the existing shareholders with a ratio of 1:1 (Each shareholder owning 01 share will receive 01 new share.)
* Those whose shares are in transfer limitation still receive bonus shares. The bonus shares are free to transfer.
* Financial resource: From the surplus capital and Investment & Development Fund to 31 December 2008.
* Purpose: To raise charter capita and restructure capital.
* Time of implement: In 2009.
Article 2: Listing the bonus shares
Approving the listing of 17,384,596 bonus shares. The listing procedures are expected to be completed in Quarter 1/2010.
Article 3: Registration to deposit the ESOP shares of Binh Minh Plastics Joint-stock Company and bonus shares issued to the employees of North Binh Minh Plastics Ltd Co.
Approving the listing of 643,080 ESOP shares of Binh Minh Plastics Joint-stock Company and bonus shares issued to the employees of North Binh Minh Plastics Ltd Co in Vietnam Securities Depository – Hochiminh Branch:
* ESOP shares of Binh Minh Plastics Joint-Stock Company: 321,540 shares
* Bonus shares issued to the employees of North Binh Minh Plastics Ltd Co: 321,540 shares
Article 4: Balloting the Shareholders’ Meeting in writing.
The content of the resolution will be balloted in writing by the Shareholders’ Meeting.
Article 5: The resolution takes effect from the date of signing, October 21, 2009.
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