Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced the resolution of the extraordinary general shareholders’ meeting (EGM) on July 13, 2013:
1.
The
Meeting approved to increate charter capital in 2013 and pay for the 2012 cash
dividend:
-
Payment
for the 2012 cash dividend: 16%/ total charter capital before selling CTG’s share
to Bank of Tokyo Mitsubishi UFJ (BTMU); VND26,217 billion * 16% = VND4,195
billion. BTMU did not pay for the 2012 cash dividend (according to the agreement
between Vietinbank and BTMU). Payment for the 2012 cash dividend: VND3,368.68
billion.
-
To
increate charter capital in 2013:
+
Charter
capital in June 30, 2013: VND32,661 billion.
+
Trading
method: Issuing new shares for existing shareholders
+
Exercise
ratio: 14% (a shareholder owning 100 shares will get 14 new shares)
+
Stock
type: Common stock
+
Par
value: VND10,000
+
Issue
price: VND10,000/share
+
Issue
volume expected: 457,300,000 shares
+
Total
value issue: VND4,573 billion
+
Charter
capital after issue: VND37,234 billion
-
Plans
to use the capital:
+
Enhancing
credit: VNd1,823 billion
+
Network
expansion: VND1,000 billion
+
Investing
in materials, technologies and services: VND 850 billion
+
Investing:
VND900 billion
2.
The
Meeting approved to amend the Articles
of Association.
3.
The
Meeting approved the resignation
of Ms. Pham Hoang Tam as a Member of the Board of Directors.
4.
The
Meeting approved to elect Member of the Board of Directors:
-
Mr.
Hiroyuki Nagata – Member
-
Mr.
Go Watanabe - Member
