|
PVR: Results of Annual General Meeting of Shareholders 2010
PetroVietnam Premier Recreation Joint Stock Company has disclosed the results of its Annual General Meeting of Shareholders held on 30/6/2010 on the seasoned issue to increase charter capital as follow:
1. Purpose of the issuance:
- Raise fund for investment projects of the company
- Ensure a safe financial structure, decrease financial risk due to the dependence on bank loans, enhance the company financial autonomy.
- Finding strategic shareholders
- Stimulate employees
- Improve the company’s position and competitive advantage
2. Method of the issuance: Seasoned issue to outstanding shareholders, issuance to employees, key employees and private placement to strategic shareholders
3. Charter capital increase from VND 300 bil to VND 600 bil as follow:
- Total volume of shares to be issued: 30,000,000 shares
- Total par value of shares to be issued: VND 300 bil
- New charter capital after the issuance: VND 600 bil
4. Issue to outstanding shareholders:
- Volume of shares to be issued: 13,500,000 shares
- Offering price: VND 10,000 /share
- Exercise rate: 10: 4.5 (Shareholder entitled to buy 4.5 new shares for every 10 shares they owned)
- The number of shares shareholder can buy is rounded down to unit digit.
5. Issue to employees:
- Volume of shares to be issued: 1,500,000 shares
- Offering price: VND 11,000 /share
- Shares issued to employees are under transfer restriction in accordance to current laws and regulations
6. Private placement to strategic shareholders:
- Volume of shares to be issued: 15,000,000 shares
- Offering price: VND 11,000 /share
- Transfer restriction of strategic shareholders: 01 year since the completion of private placement
- Expected strategic shareholders: Ocean Bank.
7. Transfer of share purchase rights:
- Outstanding shareholders: Are able to transfer of share purchase rights in pursuant to a provided timeline
- Employees and strategic shareholders: Transfer restriction in accordance to current law and regulations.
8. Expected proceeds and capital surplus:
- Total proceeds: VND 316,500,000,000, in which: Capital surplus: VND 16,500,000,000
- Capital surplus shall be added into owners’ equity in pursuant to current regulations.
9. Additional listing of newly issued shares in HNX right after the completion of the issuance.
- Total volume of shares to be listed: 30,000,000 shares
10. Plan of using the proceeds:
- Tan Vien Tourist base (Phase 1): VND 100 bil
- Ha Long Quang Ninh Commercial center, office buidling and Hotel Project: VND 60 bil
- Viet Hung CT 15 Project: VND 50 bil
- Dunimium Vinh Hung Project: VND 91.5 bil
- Increase working capital: VND 15 bil.
hnx
|
