Lao Cai Mineral Exploitation and Processing Joint Stock Company has announced the BOD’s resolution as follows:
Article
1: Approving a new
share issue based plans to existing
shareholders:
-
Name
of stock: stock of Lao Cai Mineral Exploitation and Processing Joint Stock
Company
-
Stock
type: common share
-
Par
value: 10,000 dongs / share
-
Issue form: offering stock to the public
-
Volume registered to
issue: 12,852,000
shares
-
Capital
charter before issuing: VND85,680,000,000
-
Capital
charter after issuing: VND214,200,000,000
-
Objects
of the issue: Existing shareholders
-
Issue
ratio: 1:1.5 the one who owns 01 share
will receive 01 right, and every 01 right can buy 1.5 new shares. The
distributed rights will be rounded down. The fractional shares will be rounded
0.
For example, if shareholder A owns
105 shares at the record date, he will receive: 105x1.5 = 175.5 rights.
However, because of rounding down, he will receive only 175 rights.
-
Issue
price: VND10,000/share
-
Issue date: Expected in 2012
-
Plan
to deal with fractional shares
-
The
distributed shares will be rounded down
-
All
the fractional shares (if any) will be issued to the
public with price will be lower than price issue to existing shareholders by the Board
of Directors. If shares are not sold, these shares will be canceled.
-
Plan for using the proceeds of the share offering:
By: million dongs
