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TIX: Resolution on new share issuances
Tan Binh Import – Export Joint Stock Corporation announced a resolution of the general meeting as follows:
Article I: Issuing new shares to pay dividend for 2010
* Issue ratio: 10:1
* Issue volume: 1,200,000 shares
* Financial resource: Profit after tax of the first six months of 2010 and Retained profit of 2009.
* Issue time: after the State Securities Commission approved the issuance.
Article II: Issuing new shares to employees in 2010 to key and effective employees:
* Issue volume: 300,000 shares
* Issue price: VND20,000/share
* Transfer limit: 03 years (After the first year (12 months after the issue date): 30%/the number of distributed shares will be released; after the second year: 30%/the number of distributed shares will be released; after the third year 40%/the number of distributed shares will be released.)
Article III: Approving the listing of 1,500,000 new shares.
Article IV: Authorizing the Board of Directors to implement the issue plan, choose a consulting company (If any) and complete necessary procedures.
Article V: Member of the Board of Directors, shareholders, employees are responsible for implementing this resolution.
Article VI: This resolution takes effect from April 13, 2010.
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