Viet Nam Fumigation Joint Stock Company (stock code: VFG) will issue bonus shares to its employees according to an employee stock ownership plan (ESOP).
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Main contents of the ESOP are
announced as follows:
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Stock name: Stock of Viet Nam
Fumigation Joint Stock Company
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Stock type: common stock
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Par value: VND10,000
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Total number of shares:
12,972,753 shares
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Number of outstanding shares:
12,962,543 shares
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Number of treasury shares:
10,210 shares
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Number of shares expected to be
issued based on Board Resolution No.07/2012 dated 11/23/2012: 310,000 shares.
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Total par value of new shares:
VND3,100,000,000.
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Issue ratio (Ratio of the bonus
shares to the outstanding shares): 2.39%
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Financial resource (in the case
that the Company issues bonus shares to employees): the 2010 remaining bonus
and welfare fund which will be used for ESOP – Phase 1: VND10,860,000; the 2011
bonus amount for the Management and employees: VND2,658,040,000; and the 2011
bonus and welfare fund: VND431,100,000 (the balance amount at 03/31/2012:
VND11,013,597,814).
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Transfer restriction: applied
according to the ESOP’s regulation.
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Time of implementation: in
December 2012.
