TMS: Transimex Saigon adjusts the bond’s conversion price

Transforwarding Warehousing Joint Stock Corporation (HoSE: TMS) announced the adjustment to the bond’s conversion price:

1. Principle to adjust conversion price:

Conversion price was adjusted to a ratio appropriate to the adjustment of the reference price, as follows:

- Conversion price = Conversion price which is applied before the issuance * PRt/PR(t-1) - n which:        

+ PRt: Adjusted share price;

+ PR(t-1): Share price before adjusting.

2. Adjustment to price in the case of issuing bonus shares at 4:1:

- Ex-right date: October 13, 2010.

- Record date: October 15, 2010.

- Adjusting the reference price: On the ex-right date, the reference price of TMS stock on the market was decreased by 20% from the close price of the previous trading date.

- Adjusting the bond’s conversion price: The conversion price of TMSCB2010 was decreased by 20%, from VND24,220/share to VND19,376/share.

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