CII: CII reports the results of convertible bonds into shares

On December 24, 2014, Hochiminh City Infrastructure Investment Joint Stock Company (CII) reported the results of the convertible bonds into shares as follows:

I. Bond information:

1.       Bond type: convertible bond

2.       Par value: VND1000,000/bond

3.       Issued price: equals to Parvalue

4.       Issued volume: 1,081,846 bonds

5.       Issuing method: issuing shares to existing shareholders

6.       Issued date: June 23, 2014

7.       Mature date: June 23, 2019

8.       Date to pay money to buy bonds: June 12, 2014

9.       Purpose: to invest 152 Dien Bien Phu project; to contribute Charter to CII E&C; repayment of principal and interest in 2007, to fund to the company’s working capital

10.   Total number of convertible bonds issued: 1,081,846 bonds

11.   Total amount of convertible bonds issued: VND 1,081,846,000,000

1.       Bond interest: 12%/year

2.       Bond term: 05 years

3.       Repayment of principal and interest:

-          Repayment of interest: The bond interest is paid once time per year on 23 June. The holders own bonds which will be converted to shares will not be entitled to interest after the newest payment date to the conversion date

-          Repayment of principal: If a bondholder does not convert, the principal bond will be paid on the mature date

-          Conversion term: The bonds which are converted after 06 months from the issue date and distributed into 6^th phase as follows:

+    Phase 01: 06 months from the issue date

+    Phase 02: 12 months from the issue date

+    Phase 03: 24 months from the issue date

+    Phase 04: 36 months from the issue date

+    Phase 05: 48 months from the issue date

+    Phase 06: 60 months from the issue date

-       Conversion price: VND11,000/share

-       Conversion rate: 1: 90.9 (the shareholder owning 01 bond will be convertible 90.9 shares). The number of shares converted from bonds will be rounded down. The fractional shares will be cancelled.

-       For example, if shareholder A owns 05 bonds at the record date, he will receive: 5*90.9=454.5 shares. However, because of rounding down, he will receive only 454 shares and 0.5 share will be cancelled

II. Conversion results of convertible bonds:

1.       Bond name: CII41401

2.       Number of bonds converted: 783,148 bonds

3.       Total amount of convertible bonds converted: VND 783,148,000,000

4.       Conversion ratio: 1:90.9

5.       Conversion date: December 23, 2014

6.       Record date for conversion: November 28, 2014

7.       Stock name: Stock of Hochiminh City Infrastructure Investment Joint Stock Company (CII)

8.       Stock type: Commond stock

9.       Stock Code: CII

10.   Par value: VND 10,000/share

11.   Total number of shares converted from convertible bonds: 71,187,904 shares

12.   Total value of shares converted from convertible bonds: VND 711,879,040,000

13.   Number of bonds converted accounting for 72.39% of convertible bonds issued.

III. The conversion results of convertible bonds:

IV. List of major shareholders after the conversion:

V. Capital structure of the issuer after the conversion:

Unit: VND

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