Van Phat Hung Corporation announced a resolution of the Board of Directors date April 29, 2013 as follows:
Article 1: The Board of
Directors approved plan for issuing shares to pay stock dividend.
-
Stock symbol: VPH
-
Stock type: Common
stock
-
Par value:
VND10,000
-
Chapter capital: VND277,148,160,000
-
Number of outstanding shares: 27,714,816 shares
-
Payment for the stock dividend with exercise
ratio: 100:9. The one who owns 100 shares at the record date
will receive 9 new shares
-
Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional
shares will be canceled.
For
example, shareholder A owns 120 shares, he will receive 10 shares (120/100) x 9
= 10.8 shares) and 0.8 share will be canceled.
-
Estimated issue
volume: 2,494,333 shares
-
Capital resource: undistributed
profit at December 31, 2012 to issue the new shares.
-
The new shares are
transferable
-
Charter capital
after paying stock dividend: VND302,091,490,000
Article 2: The Board of
Directors authorized the Director General to implement necessary procedures to
complete the issue.
