Gia Lai Cane Sugar Thermoelectricity Joint Stock Company has announced the BOD’s resolution as follows:
Article
1: Approving a new
share issue based plans of the offer:
-
Stock
name: Stock of Gia Lai Cane Sugar Thermoelectricity Joint Stock Company
-
Stock
type: common share
-
Par
value: 10,000 dongs / share
-
Issue
volume: 3,481,316 shares
-
Issue
price: 10,000 dongs / share
-
Total
issue value: 34,813,160,000 dongs
-
Objects
of the issue: to existing shareholders
-
Transfer
principle: New shares are transferable
-
Issue
method:
+
Issue
to existing shareholders. Exercise
ratio: (5:1) (the one who owns 01 share at the record date
will receive 01 right, and every 5 rights can buy 01 new share).
-
Plan
to deal with fractional shares:
+
The
distributed shares will be rounded down. The fractional shares will be decided
by the Board of Director.
For example, if shareholder A owns 2,344 shares at the record date, he will bought:
2,344x1:5 = 468.8 shares. However, because of rounding down, he will receive
only 468 new shares and 0.8 share will be decided by the Board of Director.
+
All
rights issued from paying the 2011 stock dividends are transferable and rights
only transferred 01 time.
+
Besides,
the Board of Director will be canceled 21 new shares because 104 treasury stock
was bought this 21 new shares.
+
Issue
time: in 90 days from State Securities Commission issues license
+
Purpose
of the issue: supplementing working capital
Article
2: Approving to
choose BAOVIET SECURITIES JOINT STOCK COMPANY to consult
plan for issuing
to existing shareholders in 2012.
Article
3: The resolution
is valid as from May 25, 2012.