PAN Pacific Corporation has announced the resolution of Extraordinary Shareholders’ Meeting 2012, which was organized on December 07, 2012:
Article 1: Plan for stock private placement:
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Stock type: common stock
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Par value: VND10,000/share
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Number of shares expected to be offered: at most 8,500,000
shares
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Offering method: via a private placement
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Object: strategic investors, local and foreign investors.
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Number of strategic investors: under 100 investors.
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Estimated offering price: authorize the Board of Directors
to negotiate with investors to determine an appropriate price level. The price
will not be less than the average price of 10 consecutive trading sessions
prior to the negotiation date and not less than VND20,000/share.
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Transfer restriction: the new shares will be restricted to
transfer in 01 year from the finish date of the offering.
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The shares which are not sold out will continue to be
distributed to other investors.
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Plan to use the proceeds from the private placement: to
enhance the Company’s financial capacity and develop the Company to become an
investment & service company.
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Total charter capital after the private placement: at most
VND200,500,000,000.
Article 2: The new shares in this private placement
will be registered to be listed on the Hochiminh Stock Exchange and deposited
at the Vietnam Securities Depository after this private placement is finished.
Article 3: The Board of Directors was authorized to
implement the private placement and fulfill necessary procedures.
