Bac Giang Exploitable Mineral Joint Stock Company announced the resolution of the 2012 annual general meeting dated August 15, 2012:
Article 1: AGM approved business result in 2011 and business plan for 2012:
Article 2: AGM approved report of the Board of Directors in 2011 and operation plan of the
Board of Directors for 2012.
Article 3: AGM approved report of the Board of Supervisors in 2011 and operation plan of
the Board of Supervisors for 2012.
Article 4: AGM approved the audited financial statements in 2011.
Article 5: AGM
approved profit distribution and
dividend in 2011.
Article 6: AGM
approved the plan of issuing shares to pay the 2010 dividend to existing shareholders:
-
Exercise ratio:
100:14 (a shareholder owning 100 shares will get 14 new shares)
-
Payment date: AGM authorized the Board of Director to
implement.
-
Listing and depositing additional shares: AGM approved to list additional
shares on HOSE and to deposit additional shares
in Viet Nam
securities depository.
-
AGM authorized the Board of Director to amend the Articles of Association.
-
Plan for using the proceeds of the share offering: additional current capital
-
Plan to deal with fractional shares: The distributed shares
will be rounded down. The fractional shares (if any) will be canceled.
For
example, if shareholder A owns 180 shares on the record date, he will receive
25 new shares (180x14/100 = 25.2 shares), and 0.2 share will be canceled
Article 7: AGM
approved remuneration of the Board of Directors, the Board of Supervisors in
2011 and payment plan for 2012:
-
In 2011 the Board of Directors, the Board of Supervisors had
not remuneration.
-
In 2012, remuneration of the Board of Directors, the Board
of Supervisors and the senior managements will be not over 10% of profit after
tax.
Article 8: AGM approved to elect another member to the Board of Directors
-
Ms.Duong Thi Lien Huong – a Member of the BOD
Article 9: AGM approved amend the Articles of Association.
Article 10: AGM authorized the Board of Director to
choose an auditing firm for fiscal year
2012.
Article 11: This
resolution takes effect from August 15, 2012.
