PAN Pacific Corporation announced the Board Resolution dated August 11, 2014 as follows:
Article
1:
Approving interim dividend payment for 2014 to shareholders as follows:
-
Payment rate: 10%/par value (VND1,000/share)
-
Payment method: by cash
-
Record date: August 29, 2014
-
Payment date: September 15, 2014
Article
2:
Approving plan for bonus share issuance to existing shareholders form owners’
equity:
Name
of stock: PAN Pacific Corporation
-
Stock type: common stock
-
Par value: VND10,000/share
-
Number of outstanding shares: 40,362,500
shares
-
Number of shares expected to be issued:
20,181,250 shares
-
Total issue value: VND 201,812,500,000
-
Objects: existing shareholders, whose names are in the list of shareholders by
Vietnam Securities Depository on the Record date
-
Issue ratio: 50%
-
Bonus share issuance ratio: 2:1 (The one who owns 02 shares
at the record date will receive 1 new share)
-
Rights to receive bonus shares are non-transferable
-
Financial resource: Capital surplus, which belongs to the ownership and rightful
use of the Parent Company in the consolidated financial statements.
-
Distribution method: Bonus shares will be distributed directly to
existing shareholders on the List of Shareholders on the Record date
-
Record date: estimated on August 29, 2014
-
Time of implementation: estimated in Quarter
3, 2014
-
How to deal with fractional shares: The new
shares will be rounded down. The fractional shares (if any) will be canceled,
according to Resolution of Annual General Meeting of Shareholders on May 10,
2014.
Article
3:
The Board of Directors authorized the Management Board to implement the
necessary procedures.
Article 4: This
Resolution takes effect as from the signing date.
