Lao Cai Mineral Exploitation and Processing Joint Stock Company announces the record date for rights offering:
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Stock symbol: LCM
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Stock type: Common stock
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Par
value: VND10,000
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Ex-right
date: September 12, 2012
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Record date: September 14, 2012
Purpose: to implement shareholders’ r
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Volume
registered to issue: 12,852,000 shares
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Exercise ratio: 1:1.5
(Holders of the
Company’s common stock as on the record date will be entitled to receive one
right per share. Each right will entitle its holder to purchase 1.5 shares).
Plan for fractional and undistributed shares:
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The
distributed shares will be rounded down. The fractional shares which are less than 01 will be
rounded to zero.
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The undistributed shares (if any) and
fractional parts will be offered to other investors by the Board of Directors
at a price not less than the price offered to the existing shareholders.
For example, if
shareholder A owns 105 shares at the record date, he will receive: 105x15/100 =
157.5 shares. However, because of rounding down, he will receive only 157 new
shares.
Principle for rights transfer:
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Time of transfer: from September
24, 2012 to the end of
October 10, 2012
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Rights
are transferred only once at the price agreed by 2 partners and not done again
to the third one.
Regulation on
stock purchase:
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Time for
registration and payment: From October
01, 2012 to October 26, 2012.
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The new shares
are transferable.
Place of implementation:
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Shareholders whose shares have been deposited: shareholders make procedures to
transfer rights and deposit money to buy shares at the securities firms where the shares
have been deposited.
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Shareholders
whose shares have not been deposited: shareholders make procedures to transfer rights
and deposit money to buy shares at Lao Cai Mineral Exploitation and Processing Joint Stock Company, No.045 Phan Dinh Phung Street, Pho
Moi Ward, Lao Cai
City, Lao Cai Province.
