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SSM: Results of General Meeting of Shareholders 2010
Steel Structure Manufacture JSC has disclosed the results of its General Meeting of Shareholders. The following resolutions were approved:
1. Operating result 2009:
- Charter capital: 29.439 bil
- Revenue: VND 288.1 bil
- Profit before tax: VND 36.49 bil
2. Operating plan 2010:
- Revenue: VND 161.98 bil
- Profit before tax: VND 14.9 bil
- Dividend payment: 15.27%
3. Report from the Board of Directors 2009
4. Report from Supervisory Board
5. Audited financial statement 2009
6. Dividend payout ratio of 2009
7. Setting up funds:
- Profit after tax: VND 33.29 bil
- Financial reserve: VND 1.66 bil
- Investment and development fund: VND 6.66 bil
- Reward fund: VND 1.66 bil
- Welfare fund: VND 3.33 bil
- Dividend payment (56% of the charter capital): VND 16.649 bil (in which 36.6% in cash, 20% by share)
8. Time and method for dividend payment:
a) Time:
- 30/7/2010 at the latest
b) Method:
* Payment in cash
- For deposited shares: Securities companies where shares of shareholders have been deposited.
- For undeposited shares: Steel Structure Manufacture JSC, Road 9 – Hoa Khanh IZ – Danang city. Securities certificate and Identification Card (Original copy) are required. In case of authorization, a proxy with certified seal of the local authority is further requested in addtion to the mentioned above.
* Payment by share
- Ratio: 10:2
- For odd lot share: rounded down to hundred digit (100). Number of share under 100 shares will be paid in cash or repurchased at VND 10,000/share.
9. Listing of the additional shares
10. Remuneration for the Board of Directors and Supervisory Board 2009: VND 145,2 mil
11. Remuneration for the Board of Directors and Supervisory Board 2010:
12. Issue shares to increase charter capital:
- Volume to be issued: 2,000,000 shares
- Value to be issued: VND 20 bil
- Issuing method:
* For outstanding shareholders
- Volume: 1,852,438 shares
- Ratio: 100:63
- Price: VND 15,000/share
- Unsold shares will be sold to other subjects with condition less favourable than to outstanding shareholders.
* For the staff:
- Volume: 147,562 shares
- Price: VND 16,000/share
- Getting transfer restriction for 12 months from issue date.
- Unsold shares will be sold to other subjects with condition less favourable than to outstanding shareholders.
13. Selecting Ho Chi Minh city Auditing – Informatic service Ltd. for auditing the Company’s financial statement.
14. Chair of the Board will hold Manager 2010 concurrently.
hnx
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