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PPI: Resolution of extraordinary meeting of shareholders Pacific Property and Infrastructure Development and Investment Joint Stock Company announced the resolution of extraordinary meeting of shareholders on July 17, 2012:
Article 1: Approving the plan to issue shares to increase its charter capital as follows:
1. Approving the plan on interim dividend payment of the year of 2014 in stock:
- Stock code: PPI
- Stock type: common stock
- Par value: VND10,000/share
- Exercise ratio: 10:1 (The one who owns 10 shares will receive 01 new share.)
- Expected issue volume: 2,504,905 shares, Total value: VND25,049,050,000
- Objects: shareholders whose are name in the list of shareholders at the record date
- Rights to receive shares from owners’ equity are not transferable.
- Resource: Undistributed profit after tax
- Time of implementation: in Quarter 1, 2015
- Plan of fractional shares: The issued shares will be rounded down. The fractional shares will be cancelled.
2. Approving to issue bonus shares to existing shareholders:
- Stock code: PPI
- Stock type: common stock
- Par value: VND10,000/share
- Exercise ratio: 10:1 (The one who owns 10 shares will receive 01 new share.)
- Expected issue volume: 2,504,905 shares, Total value: VND25,049,050,000
- Objects: shareholders whose are name in the list of shareholders at the record date
- Resource: capital surplus
- Plan of fractional shares: The bonus shares will be rounded down. The fractional shares will be cancelled.
- Rights to receive shares from owners’ equity are not transferable
- Time of implementation: In Quarter 1, 2015
3. Approving to offer shares to existing shareholders via implementing new shares purchase rights:
- Stock code: PPI
- Stock type: common stock
- Par value: VND10,000/share
- Exercise ratio: 10:8 (a shareholder owning 10 shares will receive 08 rights, each right will buy 01 new share)
- Offering volume: 20,039,242 shares, Total value: VND200,392,420,000
- Offering price: not less than VND10,000/share
- Objects: shareholders whose are name in the list of shareholders at the record date
- Offering method: Offer to existing shareholders via implementing new shares purchase rights
- Resource: capital surplus
- Plan of fractional shares: The number of shares offered to existing shareholders will be rounded down. The fractional shares will be cancelled.
- Rights to buy shares are transferred only once.
- The fractional parts and undistributed shares will be offered to other objects by the Board of Directors at a price not less than the one offered to the existing shareholders.
- The new shares are transferable
- Time of implementation: in Quarter 1, 2015
4. Approval of additional lodging at Vietnam Securities Depository and listing at Hochiminh Stock Exchange of all issued shares to increase owners’ equity, interim dividend in stock and all shares offered to public
5. The General Meeting authorized the BOD to implement all procedures relating to issuing.
Article 2: Approving the change of company name:
- Name in Vietnamese: Công ty cổ phần Đầu tư và Phát triển Dự án hạ tầng Thái Bình Dương
- Name in English: Pacific Infrastructure Project Development and Investment Corporation
- Short name: PPI Corp.
Article 3: Approving to appoint Mr. Bui Manh Hung as a member of the Board of Supervisors in term 2013-2018.
Article 4: This resolution shall take effect from December 22, 2014.
HOSE
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