BIDV Insurance Corporation announced the resolution of Annual General Meeting 2014 on April 11, 2014 as follows:
Article 1: Approving the
financial statements and the business results in 2013:
-
Total asset at December 31, 2013: VND
1,574,983 million
-
Owners’ equity at December 31, 2013: VND
758,427 million
Unit:
Million dongs
|
No.
|
Item
|
Amount
|
|
I
|
Remaining profit as of 31 Dec. 2013
|
84,960,538,309
|
|
1
|
The
undistributed profit of 2012
|
15,312,193,602
|
|
2
|
The
undistributed profit of 2013
|
1,918,876,315
|
|
3
|
The
remaining profit after distribution
|
67,729,468,392
|
|
II
|
Number of shares entitled to receive dividends
|
693,000,000,000
|
|
III
|
Payment
rate
|
10%
|
|
IV
|
Profit
for dividend (IV=III*II)
|
69,300,000,000
|
|
V
|
Remaining
undistributed profit (V=I-IV)
|
15,660,538,309
|
·
Trading method for payment dividend: in stock
·
Payment date: assigning to the Board of
Directors to decide time for payment.
- Plan
for the 2014 profit distribution:
·
To deduct additional reserve fund for charter
capital is 5% of profit after tax
·
Dividend is 10%
Article 3: Approving the 2014
business targets:
|
No.
|
Item
|
Unit
|
Plan
2014
|
|
1
|
Total revenue of insurance premium
|
Million dongs
|
1,000,000
|
|
2
|
Profit before tax
|
Million dongs
|
130,000
|
|
3
|
Dividend
|
%
|
10%
|
Article 4: Approving the report
of the Board of Directors in 2013 and plan for 2014
Article 5: Approving the report
of the Supervisory Board in 2013 and plan for 2014
Article 6: Approving the remuneration
and expenses of the Board of Directors, the Board of Supervisors in 2014: 0.5%
of profit before tax
- Beside,
basing on periodic or extraordinary meetings, additional allowance for the Board
of Directors, the Board of Supervisors and the Secretary is 2 million dongs/
meeting/ person.
Article 7: Approving the plan of
increasing chartered capital through payment of stock dividend and issuing new
shares to strategic shareholders as follows:
- Payment of stock
dividend to existing shareholders:
·
Issue
ratio: 10:1 (10%)
·
Finance resource: the undistributed
profit
·
Stock type: common share
·
Par value: 10,000 dongs / share
·
Record date: expected in April or
May, 2014
·
Issue volume expected: 6,930,000
shares
·
Plan to deal with fractional shares:
The distributed shares will be rounded down. The fractional shares will be paid
in cash
·
Time
of implementation: expected in May or June, 2014
·
Approving the listing additional of 3.3 million
shares for
ESOP and maximum of 6.93 million shares for 2013 dividend
payment on Hochiminh Stock Exchange. Assigning the Board of Directors to
implement related procedures.
- Issuing
new shares to strategic shareholders:
·
Stock
type: common share
·
Par
value: 10,000 dongs / share
·
Issue
volume expected: maximum
30% of shares to strategic shareholders
·
Issue price: is not less than its par value and the minimum
level has to be equal to its market value at the time of offering shares
·
Transfer restriction: 02 years from the issue
date
·
Assigning the Board of Directors to implement related
procedures
Article 8: This resolution
took effect on April 11, 2014.
