Tien Len Steel Corporation Joint - Stock Company (stock code: TLH) announced the resolution of the board meeting which was organized on September 29, 2012:
Article 1: The Board of Directors approved the issue
of common shares to swap shares of Phuc Tien Trade Manufacture Joint Stock
Company.
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Purpose: Tien Len Steel Corporation Joint - Stock Company
will issue common shares to shareholders of Phuc Tien Trade Manufacture Joint
Stock Company (except the shares owned by Tien Len Steel Corporation in Phuc
Tien Trade Manufacture Joint Stock Company) in order to swap the whole number
of outstanding shares of Phuc Tien Trade Manufacture Joint Stock Company (stock
code: PHT).
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Issue plan:
+
Stock type: common share
+
Par value: VND10,000/share
+
Number of TLH shares expected to issue: 18,800,353 shares
+
Number of PHT shares swapped: 15,040,283 shares
+
Total issue value: VND188,003,530,000.
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Object of the issue: the shareholders of Phuc Tien Trade
Manufacture Joint Stock Company on the record date for the swap (except
shareholder Tien Len Steel Corporation).
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Swap ratio: PHT:TLH = 1:1.25 (01 PHT share will be swapped
for 1.25 TLH share)
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The number of TLH received by shareholders of Phuc Tien
Trade Manufacture Joint Stock Company will be rounded down. The fractional
parts (if any) will be cancelled.
For
example, shareholder A owns 1,243 PHT shares. After swap, shareholder A will
receive 1,553.75 TLH shares. But, these shares will be rounded down, and the
number of TLH shares shareholder A receives in reality will be 1,553.
-
Issue date: in 90 days from the date of receipt of license
by the State Securities Commission.
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Capital increase:
+
Maximum increase: VND188,003,530,000; equivalent to
18,800,353 additionally-issued shares (based on the par value of
VND10,000/share).
Article 2: The new shares will be deposited in the
Vietnam Securities Depository and listed on the Hochiminh Stock Exchange.
