HAGL Joint Stock Company announced the board resolution on November 29, 2012 as follows:
Article 1: The Board of Directors unanimously
approved the detail plan for private placement of common shares for the purpose
of converting high-yield international bonds into equity. Accordingly, time of
issue, price and number of shares will be determined as follows:
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Time of issue: after the private placement is approved by
the State Securities Commission of Vietnam, and after the list of shareholders
who receive rights to buy the shares issued to the existing shareholders with a
ratio of 5:1 and at VND10,000/share is determined by the Vietnam Securities
Depository.
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Price of issue: The price of issue before dilution, based on
the board resolution on Nov 19, is VND23,000/share. This price will be
decreased because of dilution when HAGL issues new shares, but it will not less
than VND21,000/share.
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The number of fractional share will be rounded down.
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Number of shares expected to be issued: a maximum of
75,000,000 shares.
Article 2: The Board of Directors will consult
shareholders about the plan for private placement.
Article 3: This resolution takes effect from the
signing date of November 29, 2012.
