VRC: The record date for a dividend payment & a new share offering

Vung Tau Real Estate and Construction Joint Stock Company (HOSE: VRC) announces the record date to pay dividend in stock:

- Stock symbol: VRC

- Stock type: Common stock

- Par value: VND10,000

- Ex-right date: April 15, 2011

(In case of put-through trading with volume from 100,000 shares and over on April 15 & 18, 2011, sellers will not receive rights)

- Record date: April 19, 2011

- Purpose:

- To pay dividend in stock for year 2010

- Offering new shares to existing shareholders.

1. Implementing rights to buy additional shares: 4,046,764 shares

- Exercise ratio: 10:4 (A shareholder owning 01 share will receive 01 right, 10 rights will be entitled to buy 4 new shares)

- Issue price: VND11,000/share

The number of shares offered to existing shareholders will be rounded to units. The fractional parts of the shares and shares refused to be bought by existing shareholders will be offered to other investors, decided by the board of directors, at a price not lower than that offered to existing shareholders.

For example: At the record date, shareholder Nguyen Van A owns 151 shares, the calculation will be: (151 shares x 10)*4 = 60.4 new shares. Therefore, shareholder A will have the right to buy 60 new shares.

- The new shares are transferable.

- Rights to buy shares are transferred only once.

- Time to transfer rights: From April 26, 2011 to May 23, 2011

- Time to register to buy shares: From April 26, 2011 to May 25, 2011

Bank for blocking depository money:

- Account number of VND: 760.10.000344504 at BIDV– Vung Tau Branch

2. Dividend payment in stock for year 2010: 3,035,073 shares

- Exercise ratio: 10:3 (A shareholder owning 01 share will receive 01 right, 10 rights will be receive 3 new shares)

- The volume receive will be rounded to units. Fractional parts will be paid in cash, basing on par value of VND10,000/share.

For example: At the record date, shareholder Nguyen Van A owns 1.258 shares, the calculation will be: 1.258 shares x 30% = 377.4 shares. After rounding down, the number of dividend he receives will be 377 shares and in cash 0.4*VND10.000=VND4,000

Place of implementation:

- Shareholders whose shares have been deposited: At the securities firms where the shares have been deposited.

- Shareholders whose shares have not been deposited: At Vung Tau Real Estate and Construction Joint Stock Company.

hose

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