REE: BOD's resolution on share issue
The Board of Directors of Refrigeration Electrical Engineering Corporation unanimously approved the following contents:
* Dividend in stock for the second installment of 2009: 20% (The first was made at 7% and in cash). Total dividend rate of two installments: 27%/year.
* Issuing bonus shares to the existing shareholders at 1:1 (01 bonus share for 01 current share).
* Issuing 8,000,000 shares to key employees in the Company at a price expected VND12,000/share.
* Issuing VND810,418,000,000 convertible bonds to the existing shareholders at VND13,810/share. The maximum transfer time is 12 months from the issue date, interest is 8%/year and exercise ratio is 100:1.
* Time of implementation: Expected in Quarter II/2010.
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