Petrolimex International Trading Joint Stock Company announced the resolution of the 2012 Annual General Meeting dated April 06, 2012 as follows
- Approved the 2011 Audited Financial Statements.
- Approved the fund distribution and the 2011 dividend:
+ Bonus & welfare fund: VND 735,274,787
+ Dividend in 2011: 5%/ share (in cash) and issues bonus with ratio 4% from investment & development fund
- Approved the profit and loss in 2011 and the business plan 2012 with the targets main as follows:
Profit and loss in 2011:
+ Net revenue: VND 2,790 billion, increase 21% compared to the plan and increase 32% compared to 2010
+ Export value: $ 91.5 million, increase 24% compared to 2010
+ Profit after tax: VND 6.43 billion, reach 37% compared to the plan and reach 40% compared to 2010.
Business plan for 2012:
+ Net revenue: VND 2,700 billion
+ Profit before tax: VND 25 billion
+ Dividend: 12%
- Approved the report of the BOD in 2011
- Approved the report of the Board of Supervisors in 2011
- Approved the remuneration of the BOD and the Board of Supervisors in 2011
- Approved the remuneration of the BOD and the Board of Supervisors in 2012
- Approved the company’s profit target is exceeded, the bonus will be 10% of the exceeded profit amount and not exceeded 01 month’s salary for each person.
- Approved the issue bonus shares to the existing shareholders for the increase capital as follows:
- Purpose of the issuance: Bonus to the existing shareholders
Plan of the issuance:
+ Stock type: Common stock
+ Par value: VND10,000/share
+ Exercise ratio: 100:4 (each shareholder owning 100 shares at the record date will have 04 bonus shares)
+ Charter capital after the issuance: VND128,319,980,000
- Object of the issuance: all shareholders whose names are in the shareholder list on the record date to receive bonus shares.
- Financial resource: investment & development fund,
- Time of implementation: Expected in Quarter II/2012.
- Approved a supplement in the Company’s Charter.
- Choose one of the three following auditing companies in fiscal year 2011:
- Approved choose of Deloitte Viet Nam Co. Ltd to audit financial statements in 2012. If the company can not negotiate with Deloitte Viet Nam Co. Ltd, the Meeting will authorize the Board of Supervisors choose one of two auditing companies to audit financial statements in 2012.
- Approved the resignation of Mr. Mai Viet Sinh from position a member of the BOD. The Meeting appointed Mr. Nguyen Quang Dung as a member of the BOD to replace Mr. Mai Viet Sinh. The list of the Board of Directors in the term (2009-2014):
+ Mr. Tran Ngoc Chau: Chairman
+ Mr. Ha Huy Thang: Member
+ Mr. Nguyen Quang Dung: Member
+ Mr. Huynh Duc Thong: Member
+ Mr. Pham Van Nam: Member
- This resolution took effect from April 06, 2012.
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