Petro Viet Nam Low Pressure GAS Distribution Joint Stock Company announced the Board Resolution No 03 as follows:
Article 1: The BOD approved a
plan to issue shares to increase charter capital from VND429 billion to VND600
billion as follows:
1.
Issuance plan:
-
Stock type: Common stock
-
Par value: VND10,000 / share
-
Number of shares issuing: 17,100,000 shares
-
Total par value of issuance: VND171,000,000,000
-
Number of shares after issuance: 60,000,000 shares
-
Charter capital after issuance: VND600,000,000,000
2.
Issuance method:
-
Issuing shares to PVGAS to maintain ownership ratio of 50.5%.
-
Number of shares issuing: 1,531,834 shares
-
Issue price: 10,000 / share
-
Total proceeds from the issuance: VND15,318,340,000
-
Shares issued to PVGAS are restricted for transfer in 1 year
after the issuance.
-
Issuing shares to existing shareholders.
-
Number of shares issuing: 8,580,000 shares
-
Issue price: 10,000 / share
-
Total proceeds from the issuance: VND85,800,000,000
-
Ratio: 5:1
-
Rights are allowed to transfer 1 time.
-
The distributed shares will be rounded down. The fractional
shares will be offered to other people with the price not lower than VND10,000.
3.
Issuing bonus
shares to existing shareholders:
-
Number of share issuing: 5,486,666 shares
4.
Legitimate capital
sources used for issuance of bonus shares:
-
Development and Investment Fund: VND54,866,660,000
-
Ratio: 100 : 12.789433
-
Issuing shares to employees according to ESOP
-
Number of share issuing: 1,501,500 shares
-
Par value: VND10,000/ share
-
Proceeds from the issuance: VND15,015,000,000
-
Shares are not restricted for transfer.
-
Purpose of the issuance
-
Financing the distribution system low-pressure gas for Tien
Hai - Thai Binh industrial park project.
Article 2: The BOD approved
to change a plan to use proceeds from the issuance according to resolution No
07 dated July 05, 2010.
Article 3: The BOD approved
to use proceeds from the issuance to increase charter capital from VND330
billion to VND429 billion in 2010.
Article 4: The BOD appointed
Mr. Le Quyet Thang as Member of the Board, in place of Mr. Tran Duc Son.
