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VSC: Board resolution of additional issue Vietnam Container Shipping Joint Stock Company (VICONSHIP) announced the resolution of the Board of Directors on consulting shareholders about the Employee Stock Ownership Plan (ESOP) as follows: Article 1: The Board of Directors will cancel to plan for selling treasury stock with price VND10,000/ share to officers and employees, which was approved by BOD on date May 23, 2012.
Article 2: The Board of Directors approved plan for additional 150,000 share issue according to the Employee Stock Ownership Plan (ESOP).
- Plan for issuing:
+ Issuer: Vietnam Container Shipping Joint Stock Company
+ Stock type: common stock
+ Par value: VND10,000/share
+ Issue volume: 150,000 share
+ Offering price: VND 10,000/share
+ Total issue value: VND1,500,000,000.
+ Charter capital after issuing: VND240,445,020,000
+ Object of the issue: The officers and employees who work for VICONSHIP and VICONSHIP's subsidiaries and had achievements in 2010, 2011.
+ Purposes of issue: attracting, motivating the labor. The Board of Directors will decide the number of shares which officers and employees are entitled to buy.
+ Issue date: expected in quarter 3, 2012, after State Securities Commission deciding.
+ Expected buying period: in 10 days from the date of notice
+ Payment date: in 10 days from the date of notice
+ Shares form: Book-entry
- Transfer principle:
+ Rights are not transferable.
+ Plan to shares not distribution: will be issued to the public with price which was the Board of Directors decide.
- Using capital after the offering:
+ Additional current capital HOSE
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