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PDR: Board Resolution _ Jan 09 Phat Dat Real Estate Development Corp announced the board resolution dated January 09, 2015 as follows:
Article 1: The General Meeting approved the stock dividend payment plan to increase its charter capital as follows:
- Stock name: Stock of Phat Dat Real Estate Development Corp
- Stock type: common stock
- Par value: VND10,000/share
- Payment ratio: 5%/charter capital
- Exercise ratio: 20:1 (a shareholder owning 20 shares will receive 01 new share)
- Estimated number of newly issued shares: 6,510,000 shares
- Total value of the issuance: VND65,100,000,000
- Plan of fractional shares: The bonus shares will be rounded down. The fractional shares will be cancelled.
- Objects: shareholders whose are name in the list of shareholders at record date
- Transfer restriction: no restriction
- Estimated time of the issuance: from Quarter 2, 2015, authorized to the Board of Directors to decide on specific time after the authority approved the issuance
Article 2: The General Meeting approved the share issuance plan to increase Charter Capital as follows:
- Stock name: Stock of Phat Dat Real Estate Development Corp
- Stock type: common stock
- Par value: VND10,000/share
- Number of shares to be issued for raising charter capital: 65,100,000 shares
- Total value of issuance: VND651,000,000,000
- Objects: shareholders whose are name in the list of shareholders at record date
- Exercise ratio: 2:1 (a shareholder owning 02 shares will get 01 right, and owning every 01 right will be entitled to buy 01 new share).
- Plan for fractional and undistributed shares: The distributed shares will be rounded down. The undistributed shares (if any) and fractional parts will be offered to other investors by the Board of Directors at a price not less than the price offered to the existing shareholders.
- Estimated time of the issuance: from Quarter 2, 2015, authorized to the Board of Directors to decide on specific time after the authority approved the issuance.
Article 3: This resolution takes effect as from January 09, 2015. HOSE
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