On September 12, 2012, the Board of Directors of Thu Duc Housing Development Corporation (THUDUC HOUSE) held a meeting to approve a conversion plan for TDH41029 bonds. The Corporation will implement conversion procedures (not required) 50% of issued bonds (the number of issued bonds is 2,088,731 bonds) on the last day of the second year from November 17, 2010.
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The Board of Directors also unanimously that the conversion
date would be November 16, 2012 and the conversion price would be
VND22,014/share.
Article 1: Plan for bond conversion and bond
interest payment:
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Bond name: Convertible bond of Thu Duc Housing Development
Corporation
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Bond code: TDH41029
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Par value: VND100,000
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Issue date: November 17, 2010
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Due date: November 17, 2013
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Number of bonds issued: 2,088,731 bonds
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Interest rate: 7%/year
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Ex-right date: October 16, 2012
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Record date: October 18, 2012
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Conversion date & interest payment date: November 16,
2012
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Interest payment method: in cash or by transfer
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Place of payment:
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To the holder whose securities have been deposited:
bondholder receives bond interest at the securities company where bondholder
open a depository account.
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To the holder whose securities have not been deposited:
bondholder receives bond interest at Thu Duc Housing Development Corporation:
13-15-17 Truong Dinh, Ward 6, District 3, Hochiminh City.
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Conversion principles:
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Bondholders have the rights to convert 50% of their bonds on
November 16, 2012 and the remaining 50% on the due date (November 17, 2013).
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If bondholders do not implement the conversion of 50% of
their bonds on November 16, 2012, they will have the rights to convert 100% of
their bonds on the due date (November 17, 2013).
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Conversion price: VND22,014/share
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Conversion ratio: 1 :
4.542563 (01 bond will be converted into
4.542563 shares)
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Time to register to convert or not convert bonds: from
November 02, 2012 to 15:00 November 16, 2012.
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Principle payment: the number of bonds which are not
converted in the first stage (in 2012) and the second stage (in 2013) will be
paid in cash or by transfer on the due date (November 17, 2013).
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Handling with fractional bonds when converting:
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If bondholders own odd bonds, when converting 50% of their
bonds, the number of converted bonds will be rounded down.
For
example, a bondholder owning 51 bonds can convert 50% or 25.5 bonds. Using the
principle of rounding, the bondholder can convert only 25 bonds and the
remaining bonds will be converted on the due date.
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Handling with fractional shares when converting:
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The number of shares converted from bonds will be rounded
down. The fractional shares will be bought back by the Corporation at 10,000
vnd/share.
For
example, if a bondholder converts 1,000 bonds, the number of shares will be:
1,000 x (100,000/22.014) = 4,542.56 shares and will be rounded to 4,542 shares.
0.5 share will be bought back at: 0.5 x 10,000 = 5,000 vnd.
Article II: The Board of Directors approved to
increase the Corporation’s charter capital, adjust the Articles of Association after
the conversion in order to match with the new shares converted from bonds.
Article III: Time for registering to deposit and list
new shares, and time for delisting the number of converted bonds:
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Time for registering to deposit and list new shares: in
December 2012.
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Time for delisting the number of converted bonds: in
December 2012.
