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FIT: Board Resolution
On 20/11/2014, F.I.T Investment JSC announced board
resolution as follows:
1. Implement the
share offering to increase the Charter capital according to the General Mandate
No. 01/2014/NQ-DHDCD/FIT issued on 26/04/2014 as follows:
* Dividend payment in
advance of 2014 by shares:
- Number of shares expected to be issued: 7,499,999 shares
- Implementation ratio: 100:15 (Shareholders will receive an
additional shares for every 05 shares they own)
- Handling fractional shares: The number of shares will be
rounded down to unit digit. The fractional shares (If any) will be distributed
to other buyers according to the reasonable method and conditions and with the
price of VND 10,000/share. The amount collected from selling fractional shares
will be returned to shareholders who owned fractional shares.
- Capital source: Profit after tax of the first 09 months of
2014
* Offering shares to
existing shareholders:
- Number of shares expected to be issued: 29,999,996 shares
- Implementation ratio: 100:60 (Shareholders are entitled to
buy additional 60 shares for every 100 shares they own)
- Offering price: VND
10,000/share
- Handling fractional shares and unsold shares:
+
Fractional shares (if any) will be rounded down to unit digit.
+ Shares which are not bought completely and fractional shares (if any)
will be distributed to other buyers with the same price.
-The rights to purchase shares are allowed to be transfer
one time. (Not allowed to be transferred to the 3rd person)
* Issuing shares to
employees of the Company
- Total number of shares expected to be issued: VND
2,500,000 shares
+ Stage 1:
1,712,499 shares
+ Stage 2:
787,501 shares
- Offering price: VND 10,000/share
2. Implementation
period: QIV.2014 – QI.2015
3. Approve the use of
proceeds
- Additional Charter
capital: VND
399,999,950,000, including:
Dividend
payment in advance of 2014 by shares: VND
74,999,990,000 (par value)
Offering
shares to existing shareholders: VND
299,999,960,000 (par value)
Offering
shares to employees: VND
25,000,000,000 (par value)
+ Stage 1: VND
17,124,990,000 (par value)
+ Stage 2: VND
7,875,010,000 (par value)
Total amount of money
collected from the issuance: VND
324,999,960,000, including:
Collected
from existing shareholders: VND
299,999,960,000
Collected
from employees: VND
25,000,000,000
+ Stage 1: VND
17,124,990,000
+ Stage 2: VND
7,875,010,000
Use of proceeds:
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Purpose
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Amount of investment (VND)
|
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Investing into subsidiaries and associates
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205,567,895,000
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- Investing in Can Tho Agricultural
Technical Supplies JSC
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205,567,895,000
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Supplementing working capital of the Company
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119,432,055,000
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Total
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324,999,960,000
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The plan on investing
into subsidiaries, joint venture companies:
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Investment plan
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Amount (VND)
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Investing in member companies (TSP, WFC, TSS)
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1,012,405,180,000
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Supplementing working capital
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200,000,000,000
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Total
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1,212,405,180,000
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Therefore, F.I.T
expects to invest VND 788,063,367,000, in which:
+ Capital
source collected from this issuance: VND 205,567,895,000
+ The
remaining capital will be mobilized from other sources HNX
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