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ITQ: Extraordinary General Mandate-first time of 2013
(26 October 2013)
Thien Quang Group JSC announced the extraordinary General Mandate as follows:
Article 1: Approve the plan on issuing bonus
shares for employees in 2013
- Name of
share: Share of Thien Quang Group JSC
- Type of
share: Ordinary share
- Par value:
10,000 VND/share
- Volume of
outstanding shares: 10,000,000 shares
- Volume of
shares expected to issue: 300,000 shares, accounting for 3% of the Company’s
outstanding shares
- Value of
the issue (based on par value): VND 3,000,000,000
- Form of the
issue: Issuing bonus shares for the Company’s employees
- Purpose of
the issue: - Retain profit to supplement the business capital
-
Attract and hold high-skilled workers, combining workers’ benefits with the
Company’s benefits
-
Creating motivation for the managers, workers to contribute to the Company’s
production development
- Bonus
shares issued to the following persons: Managers or workers having remarkable
contributions to the development of the Company in 2012
- Resource
for the bonus share issuing: Retained profit after tax
- Expected
time of the issue: in Q.III and Q.IV/2013
- All the
additional shares will be registered at Vietnam Securities Depository and
listed on Hanoi Stock Exchange
Article 2: Approve the plan for issuing shares
to employees in 2 years (2014-2015)
- Name of
share: Thien Quang Group JSC
- Type of
share: Ordinary share
- Par value:
10,000 VND/share
- Number of
shares expected to issue: Based on the operating result of the Company in 2014
and 2015, if the revenue increases by 10% compared to the previous year, the
maximum bonus is 5% of the outstanding shares at the time of bonus
consideration
- Form of the
issue: Issuing bonus shares for the Company’s employees
- Purpose of
the issue: - Retain profit to supplement the business capital
-
Attract and hold high-skilled workers, combining workers’ benefits with the
Company’s benefits
-
Create motivation for the managers, workers to contribute to the Company’s
production development
- Bonus
shares issued to the following persons: Managers or workers of the Company,
give priority to the key employees and employees with salient achievements,
senior employees in the year of bonus consideration
- Resource
for the bonus share issuing: Retained profit after tax until 31 December of the
year of bonus consideration
- Time
expected to issue: in 2014 and 2015
- All the
additional shares will be registered at Vietnam Securities Depository and
listed on Hanoi Stock Exchange
Article 3: Approve the plan on charter capital
increase by offering to the existing shareholders
- Name of
share: Thien Quang Group JSC
- Form of the
offering: Offering to the existing shareholders
- Type of
share: Ordinary share
- Par value:
10,000 VND/share
- Number of
shares offered: Maximum 3,000,000 shares
- Implementation
ratio: Authorize the Board of Directors to decide
- Offering
price: 10,000 VND/share
Article 4: Approve the plan on charter capital
increase by offering to the strategic partners
- Name of
share: Thien Quang Group JSC
- Form of the
offering: Offering to the strategic partners
- Type of
share offered: Ordinary share
- Par value:
10,000 VND/share
- Number of
shares offered: 2,000,000 shares
- Minimum
offering price: 10,000 VND/share
- Total value
of the issue (based on the par value): VND 20,000,000,000
- Total
proceed expected (based on the minimum offering price): VND 20,000,000,000
- Offering to
following buyers: - Number of strategic
investors: below 100 investors
-
Criteria for strategic investors: individuals, organizations with strong
finance and rich experience in the operating field of the Company
- Plan for
the unsold shares: In case the volume of the offered shares is not sold out,
the General Meeting of Shareholders authorize the Board of Directors to
distribute to other existing shareholders, employees of the Company or other
investors. The offering price to these buyers is not lower than the strategic
investors
- Transfer
limit: The offered shares are limited to transfer within one year from the
closing date of the issue.
- Purpose of
the issue: The proceed after the issue will be used to supplement the working
capital of the Company
- The total
additional shares will be registered at Vietnam Securities Depository and listed
on Hanoi Stock Exchange
Article 5: This resolution was approved by the
General Meeting of Shareholders and take effect as from the signing date.
HNX
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