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CII41401: The record date for the second phase of bond conversion On May 11, 2015, the Hochiminh Stock Exchange issued Announcement No.507/TB-SGDHCM on the record date of Hochiminh City Infrastructure Investment Joint Stock Company as follows:
- Issuer: Hochiminh City Infrastructure Investment Joint Stock Company
- Securities name: Convertible bond of Hochiminh City Infrastructure Investment Joint Stock Company
- Securities code: CII41401
- ISIN code: VN0CII414014
- Securities type: convertible bond
- Par value: VND1,000,000
- Ex-right date: May 20, 2015
- Record date: May 20, 2015
- Number of convertible bonds issued: 1,081,846 bonds
- Total value: VND1,081,846,000,000
- Number of bonds converted in the first phase on December 23, 2014: 783,148 bonds.
- Number of remaining bonds after the first phase on December 23, 2014: 298,698 bonds.
- Issue date: June 23, 2014
- Due date: June 23, 2019
- Issue price: VND1,000,000
- Interest rate: 12%/year
- Interest payment: paid annually from the issue date.
- Conversion time: Bonds will be converted after 06 months from the issue date. The conversion time will be divided into 06 phases, and the conversion percentage of each phase will be decided by investors (investors can convert a part or all of bonds in the first phase):
- Phase 1 : 06 months from the issue date
- Phase 2 : 12 months from the issue date
- Phase 3 : 24 months from the issue date
- Phase 4 : 36 months from the issue date
- Phase 5 : 48 months from the issue date
- Phase 6 : 60 months from the issue date
- 1. Purpose:
- To implement the rights to convert bond into shares in the second phase on June 23, 2015.
- To pay bond interest on June 23, 2015 to the bondholders who do not convert bonds into shares in the second phase.
- 2. Content:
- a. To implement the rights to convert bond into shares in the second phase on June 23, 2015:
- Conversion date of Phase 2: June 23, 2015
- Conversion price: VND11,000/share
- Conversion ratio: 1:90.9 (01 bond is converted into 90.9 shares).
- The number of converted shares will be rounded down, and fractional shares (if any) will be cancelled.
For example, on the record date, shareholder A owns 05 bonds and registers to convert all 05 bonds. The number of shares to be converted is: 5 x 90.9 = 454.5 shares. But, after rounding down, the number of shares that he or she receives is only 454 shares. The remaining 0.5 is cancelled.
- Time to register to convert bonds: from May 26, 2015 to June 03, 2015
- Time to suspend the deposit of convertible bonds: from May 21, 2015 to the end of June 23, 2015
- Bonds being pledged are not converted into shares.
- Place of implementation:
- Bondholders whose bonds have been deposited: at the securities firms where the bonds have been deposited.
- Bondholders whose bonds have not been deposited: at Hochiminh City Infrastructure Investment Joint Stock Company.
b. To pay bond interest (to the bondholders who do not convert bonds into shares in the second phase)
- Exercise ratio: 12%/par value (01 bond receives VND120,000)
- Payment date: June 23, 2015
- Place of implementation:
- Bondholders whose bonds have been deposited: at the securities firms where the bonds have been deposited.
- Bondholders whose bonds have not been deposited: at Hochiminh City Infrastructure Investment Joint Stock Company as from June 23, 2015.
HOSE
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