Monday, 19/11/2012 11:38

PXS: The record date for the dividend payment of 2012

On November 15, 2012, HOSE announces the record date for the payment for the first of 2012 dividend in cash and a share issuance of Petroleum Equipment Assembly and Metal Structure Joint Stock Company:

-         Stock symbol:         PXS                            

-         Ex-right date:           November 27, 2012   

-         Record date:            November 29, 2012   

1. Purpose: for the payment for the first 2012 dividend in cash and to implement shareholders’ rights

2. Contents:

a. For the payment for the first 2012 dividend in cash:

-         Dividend pay-out ratio:   10%/ par value (VND1,000/ share)

-         Payment date:                 December 10, 2012    

Place & procedure of payment:

-         Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.

-         Shareholders whose shares have not been deposited:  at Accounting Department of Petroleum Equipment Assembly and Metal Structure Joint Stock Company, 02 Nguyen huu Canh Street, Thang Nhat Ward, Vung Tau City from December 10, 2012.

Please submit ID card and Shareholder certificates or the legal authorized letters on receipt of dividend.

b. To implement shareholders’ rights:

-         Exercise ratio:         5:3 (Holders of the Company’s common stock as on the record date will be entitled to receive one right per share. 05 rights will entitle its holder to purchase 03 shares).

-         Volume registered to issue: 22,510,801 shares

-         Issue price: VND10,000/ share

-         Plan for fractional and undistributed shares:

+         The distributed shares will be rounded down. The fractional shares which are less than 01 will be rounded to zero.

+         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 878 shares at the record date, he will receive: 878x3/5 = 526.8 shares. However, because of rounding down, he will receive only 526new shares.

Principle for rights transfer:

-        Time of transfer: from December 13, 2012 to the end of January 11, 2013

-         Rights are transferred only once at the price agreed by 2 partners and not done again to the third one.

Regulation on stock purchase:

-         Time for registration and payment: December 13, 2012 to the end of January 18, 2013

-         The new shares are transferable.

Place & procedure of payment:

-         Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.

-         Shareholders whose shares have not been deposited:  at Petroleum Equipment Assembly and Metal Structure Joint Stock Company, 02 Nguyen huu Canh Street, Thang Nhat Ward, Vung Tau City.

HOSE

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