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VFMVF1: Resolution of VFM’s General Meeting
VietFund Management (VFM) announced Resolution of the General Meeting of VietFund Management (HOSE: VFMVF1) No.06/NQ-DHDCD dated November 12, 2010 as follows:
Article 1: Approving to buy back 6,069,000 VFM’s shares from Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank):
- Sacombank now holds 42.66% of VFM’s charter capital, equivalent to 9,791,928 shares, including: 3,722,928 restricted shares and 6,069,000 freely transferable shares.
- VFM will buy back 6,069,000 freely transferable shares (26.44% of VFM’s charter capital) at VND20,000/share.
- Therefore, after completing procedure, Sacombank will hold 3,722,928 restricted shares (16.22% of VFM’s charter capital).
Article 2: Authorizing the Directorate to execute procedures of the buyback.
Article 3: Approving that VFM will sell 40,765 shares in A&B Company (17.44% of A&B’s charter capital) at a minimum price of VND2,900,000/share.
Article 4: Authorizing the Directorate to sell 40,765 shares owned by VFM in A&B Company.
Article 5: Approving the resignations of the following persons:
- Ms. Huynh Que Ha, Deputy Chairwoman of the Board of Directors
- Ms. Nguyen Thi Binh, a member of the Board of Directors
- Mr. To Thanh Hoang, a member of the Board of Directors
Article 6: Approving the resignations of Ms. Phan Thi Tuy Van from the Board of Supervisors.
Article 7: Appointing Mr. Pham Khanh Lynh, Ms. Luong Thi My Hanh and Ms. Phan Thi Tuy Van as members of the Board of Directors.
Article 8: Appointing Mr. Nguyen Lam Son Lam as a member of the Board of Supervisors.
Article 9: This resolution takes effect from November 12, 2010.
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