Bac Giang Exploitable Mineral Joint Stock Company announced the resolution of the 2013 shareholders’ extraordinary meeting (EGM) dated December 06, 2013 as follows:
Article 1: EGM approved to adjust payment rate in stock of 2011 to
12% (instead of 14%).
Article 2: EGM approved the
plan of issuing shares to pay the 2011 dividend to existing shareholders:
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Exercise ratio:
100:12 (a shareholder owning 100 shares will get 12 new shares)
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Payment date: AGM authorized the Board of Director to
implement.
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Capital resource: the company’s undistributed profit based
on the latest financial statements.
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Plan to deal with fractional shares: The distributed shares
will be rounded down. The fractional shares (if any) will be canceled.
For example, if shareholder A owns 181 shares on the
record date, he will receive 21 new shares (181x12/100 = 21.72 shares), and
0.72 share will be canceled
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Listing and depositing additional shares: AGM
approved to list additional shares on HOSE and to deposit additional shares in Viet Nam
securities depository.
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AGM authorized the Board of Director to amend the Articles
of Association.
Article 3: EGM approved to amend the Articles of Association.
Article 4: EGM approved to
authorize to the Board of Directors to implement contents in the Resolution.
Article 5: This resolution takes effect from December 06, 2013.
