Military Commercial Joint Stock Bank announced the board resolution dated June 13, 2014 as follows:
Approving
to issue of 33,768,750 shares for 2013 second dividend payment to increase the
Corporation’s charter capital (phase 01.2014):
- Objects:
existing shareholders are named in the shareholders list at record date.
- Issue
volume: 33,768,750 shares
- Exercise
ratio: 100:3 (each shareholder owning 100 shares will receive 03 new shares)
- Financial
Resource: retained profit in 2013 after distributing for funds
- Transfer
restriction: none
- Time
of implementation: estimated in July 2014 after getting approval by Management
Organ
- How
to deal with fractional share: the distributed shares will be rounded down, and
fractional share will be transferred to Trade union of Military
Commercial Joint Stock Bank
- Authorized the
CEO to decide fulfill procedures to increase capital.
