Seaprodex Refrigeration Industry Corporation (SRF) announced the resolution of the Board of Directors with some main contents as follows:
Article 1: Approved the plan to buy back in 02
phases:
Phase 1:
-
Volume registered to buy: 1,300,000 shares.
-
Estimated prices:
the market prices:
-
Trading method: order matching and put through.
-
Capital: surplus capital.
-
Expected trading period: from August 06,
2012 to November 05, 2012.
-
Owning volume after trading: 2,007,140 shares (24.68% of total issued shares)
Phase: 2: The company will offer to buy shares to
increase its holding of treasury shares to 30%.
Article
2: This resolution
takes effect from July 24, 2012.
