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TV4: Board resolution on conversion of convertible bonds_1st round 2012
Power Engineering Consulting JSC No.4 announces Board Resolution approved on 15/11/2012 on the conversion of convertible bonds– first round, 2012 as follows:
1. The number of bonds each shareholder can buy is rounded to units digit. The odd-lot bond will be deleted.
2. Conversion price: Commitment: at the conversion time, if conversion price is higher than the market price, the BOD will consider decreasing the executed price, but not 20% higher than average price of 10 consecutive trading sessions prior to the record date for bondholder list for conversion.
Record date: 15/11/2012.
The market price at 15/11/2012 is VND8,650 per share, higher than the annoucement price is VND8,400 per share. So, the conversion price will be remained VND8,400 per share.
The BOD is assigned to carry out procedures relating to the issue.
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