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AGC: Result of private placement of convertible bonds
An Giang Coffee JSC (HNX: AGC) announces the result of plan of convertible bond private placement approved in the Board Resolution on 14/10/2010 as follows:
- Name of the issuer: An Giang Coffee JSC
- Stock code: AGC
- Stock type: Convertible bond without property guarantee
- Currency: Vietnam Dong
- Par value: VND 100,000
- Price: VND 100,000
- Total volume of bonds offered: 1,000,000 bonds
- Total value of bonds offered: VND 100,000,000,000
- Target buyers: Under 100 investors, not includes professional investors. Standard of chosen investors:
+ Being national or international investors and institutions are financial capacities, priority of related industrial ones;
+ Owning shares of the company by law.
- Maturity: 12 months since issue date
- Coupon:
+ 0%/year for convertible bonds
+ 10%/year unconvertible bonds
- Convertible rate: 1:6 (Investors will be received 06 shares for every 01 bond they own) and be adjusted following rule of diluted against article.
- Convertible rights: Belong to bond owners
- Date of payment: 03/02/2009
- Offering method: Private placement
- Issue date: 13/10/2010
- Maturity date: 13/10/2011
- Convertible date: 13/10/2011
- Article of diluted against: In the time from issue date to convertible date, in order to guaranty bond owners’ right, convertible rate will be adjusted in cases:
+ Dividend payment in cash: Adjusted convertible price = convertible price – dividend per share
+ Issue bonus shares for outstanding shareholders
+ Dividend payment by shares: Adjusted convertible price = convertible price – A/B
(A: number of shares before seasoned issue; B: number of shares after seasoned issue)
-Bond transaction: bonds are transferred freely. Rate of foreigner own: 49% of total of bond issue.
- Purpose of capital use:
+ Bank payment: VND 50 billion
+ Buying raw coffee: VND 50 billion
- Result:
hnx
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