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VCS: Plan of private placement of convertible bond
Vinaconex Advanced Compound Stone JSC announces the plan of private placement of convertible bond approved in the Board Resolution on 04/11/2009 as follows:
1. Purpose of the issue: Increase working capital.
- Name of bond: Vicostone convertible bond
- Bond type: Unguaranteed convertible bond
- Par value: VND 1,000,000,000
- Total value of bond issued: VND 165 bil
- Issued date: Quarter IV/2009
- Coupon rate: not more than 9%/year, payment at due date.
- Offering price: Par value
- Bond form: book – entry, register and transfer management through HBBS.
- Term: 01 year from the day of issuance.
- Conversion price: VND 55,000 /share (conversion price shall be adjusted when there is event of stock dilution).
- Time for conversion: Conversion is required and must be carried out after the maturity date. The implementation of conversion procedure must start before the maturity date.
- Issue method: private placement (to less than 100 investors)
- No transfer restriction.
- Source of payment: from the revenue of Vicostone. In case of ineligibility to convert the issued bond, source of payment shall come from the sale of merchandise and services of Vicostone and the proceeds from the placement of bonds.
2. Chair of the Board is authorized to guide functional Divisions and Departments to work with SSC, HNX and the advisory partner to carry out the convertible bond placement procedures .
hnx
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