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MSN: Resolution on an ESOP
Ma San Group Corporation (HoSE: MSN) announced the resolution of the Board of Directors as follows:
Article 1: Issuing shares according to Employee Stock Ownership Plan (ESOP):
* Charter capital: VND4,853,998,200,000.
* Stock symbol: Common stock
* Expected issue volume: 10,000,000 shares (2.06% of total outstanding volume)
* Par value: VND10,000/ share
* Issue price: VND10,000/ share
* Issue time: Expected in 2010 and in the first four months of 2011
* Issue method: According to the Employee Stock Ownership Plan
* Objects of the issuance: Managers, employees of the Company and subsidiaries.
* The undistributed shares will be offered to the selected objects.
Article 2: Authorizing Mr. Nguyen Dang Quang, BOD Chairman, to decide the list of managers and staff and particular number of shares. The list will be reported in the next meeting of the Board of Directors by Mr. Nguyen Dang Quang.
Article 3: Authorizing Mr. Nguyen Dang Quang, BOD Chairman, or Mr. Madhur Maini, Director General, to sign contracts, agreements, documents and necessary procedures relating to the issuance.
Article 4: The Board of Directors, the Directorate and relating departments are responsible for implementing this resolution.
Article 5: This resolution takes effect from October 01, 2010.
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