PHT: Plan to Protect the Interest of Shareholders
Phuc Tien Trade Manufacture Joint Stock Company (PHT JSC) has announced the solution to shareholders’ interest after PHT is delisted on the Hochiminh Stock Exchange (HOSE):
I. Converting PHT shares into TLH shares (additionally-issued): - The PHT shares which shareholders still own on the last trading day on the Hochiminh Stock Exchange will be converted into TLH shares of Tien Len Steel Corporation Joint - Stock Company at 1:1.25 (that means 01 PHT share will be converted into 1.25 TLH additionally-issued shares). - The number of TLH shares converted from PHT shares will be rounded down. The fractional parts (if any) will be cancelled. For example, shareholder A owns 1,243 PHT shares. After converted and rounded down, the number of TLH shares that shareholder A receives will be 1,553. II. Implementation plan:
I. Converting PHT shares into TLH shares (additionally-issued):
- The PHT shares which shareholders still own on the last trading day on the Hochiminh Stock Exchange will be converted into TLH shares of Tien Len Steel Corporation Joint - Stock Company at 1:1.25 (that means 01 PHT share will be converted into 1.25 TLH additionally-issued shares).
- The number of TLH shares converted from PHT shares will be rounded down. The fractional parts (if any) will be cancelled. For example, shareholder A owns 1,243 PHT shares. After converted and rounded down, the number of TLH shares that shareholder A receives will be 1,553.
II. Implementation plan:
No. Work Time (day) 1 PHT shares are officially delisted on HOSE. T 2 Determine a shareholder list to convert PHT shares into TLH shares T + 2 3 Receive the shareholder list of PHT for the conversion; Implement the conversion T + 7 4 Report the result to the State Securities Commission T + 8 5 Complete procedures to cancel depositing PHT at the Vietnam Securities Depository T + 15 6 The Vietnam Securities Depository approves to deposit the newly-converted shares. T + 20 7 Complete procedures to register to list the newly-converted shares. T + 24 8 New shareholders of TLH register to deposit shares. T + 21 9 The newly-converted shares are officially traded. T + 38
No.
Work
Time (day)
1
PHT shares are officially delisted on HOSE.
T
2
Determine a shareholder list to convert PHT shares into TLH shares
T + 2
3
Receive the shareholder list of PHT for the conversion; Implement the conversion
T + 7
4
Report the result to the State Securities Commission
T + 8
5
Complete procedures to cancel depositing PHT at the Vietnam Securities Depository
T + 15
6
The Vietnam Securities Depository approves to deposit the newly-converted shares.
T + 20
7
Complete procedures to register to list the newly-converted shares.
T + 24
8
New shareholders of TLH register to deposit shares.
T + 21
9
The newly-converted shares are officially traded.
T + 38
HOSE
> SBT: Board Resolution No.63 (19/12/2012)
> TLG: Notice of Change in the Number of Outstanding Voting Shares (19/12/2012)
> TMC: Operating results of November, 2012 (19/12/2012)
> CTN: Board Resolution (19/12/2012)
> PPE: General Mandate (19/12/2012)
> HAT: Board Resolution on 07/12/2012 (18/12/2012)
> FDT: Board Resolution on 23/11/2012 (18/12/2012)
> THT: Board Resolution on adjustment of operating plan 2012 (18/12/2012)
> AAA: Board Resolution (18/12/2012)
> LCG: Licogi 16 transfers stake in NIDIC (18/12/2012)
