RangDong Plastic Joint-Stock Company the resolution of Extraordinary Shareholders’ Meeting, held on November 09, 2013, as follows:
Article 1: The Meeting
approved a plan to issue 2,875,000 shares to the existing shareholders to raise
the Corporation’s charter capital.
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Charter capital current: VND115 billion
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Type of the issued stock: common stock
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Par value: VND10,000/share
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Number of shares expected to be issued: 2,875,000 shares
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Offering price: VND10,000/share
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Total value: VND28,750 million
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Offering method: to sell shares to the public
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Object of the offering: to existing shareholders
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Exercise ratio: 4:1 (each shareholder owning 04 shares at
the record date will receive 01 new share). The offering shares will be rounded
down. The undistributed shares (if any) and fractional parts will be offered to
other investors by the Board of Directors.
For
example, if shareholder A owns 151 shares at the record date, he will receive:
(151:4)x1=37.75 shares. However, because of rounding down, he will receive only
37 new shares.
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Rights are transferred only once
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The new shares are transferable.
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Total proceeds from the share offering will be used to buy
machine and to invest Tien Son project
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Time of implementation: after the General Meeting passed and
the State Securities Commission of Viet Nam granted Registration Certificate
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All of newly-issued shares will be deposited at the Vietnam
Securities Depository and additionally listed on the Hochiminh Stock Exchange.
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The Meeting authorized the Board of Directors to decide necessary
procedures.
Article 2: This resolution
takes effect as from November 09, 2013.
