Tan Tao Investment and Industry Corporation (ITACO) disclosed the Board resolution on its plan to issue shares for to pay dividend and to increase charter capital:
Article 1: Approving the plan
to issue shares to pay dividend of 2012 to existing shareholders:
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Issuer: Tan Tao Investment and Industry Corporation
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Stock type: Common stock
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Number of outstanding shares: 562,252,867 shares
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Exercise ratio to pay dividend: 5% (A shareholder owning 01
share will receive 01 right, 100 rights will receive 5 new shares)
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Issue volume: 28,112,643 shares
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Total value from the issue shares: 281,126,430,000 dongs
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Finance resource: the undistributed profit until December
31, 2012
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Issue date: expected in July 2013
Article 2:
Approving the plan to issue shares to increase its charter capital to existing
shareholders:
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Issuer: Tan Tao Investment and Industry
Corporation
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Stock type: Common stock
-
Number of outstanding shares: 562,252,867 shares
-
Exercise ratio to increase its
charter capital: 5% (A shareholder owning
01 share will receive 01 right, 100 rights will receive 5 new shares)
-
Issue volume: 28,112,643 shares
-
Total value from the issue shares: 281,126,430,000 dongs
-
Finance resource:
the surplus capital
-
Issue date: expected in July 2013
Article 3: Approving a plan to deal with
fractional shares: The distributed
shares will be rounded down. The fractional shares will be canceled.
For example: At the
record date, shareholder Nguyen Van A owns 104 shares, the calculation will be: 104-5% = 5.2 new
shares. Therefore, shareholder A will have the right to buy 5 new shares.
Article 4: The resolution
takes effect as from July 02, 2013.
