NT2: Board Resolution on Stock Issuance Petrovietnam Power Nhon Trach 2 Joint Stock Company announced the board resolution dated July 15, 2015 as follows:
The Board of Directors approved a plan for issuing shares to raise capital from the owner’s equity:
- Stock: Stock of Petrovietnam Power Nhon Trach 2 Joint Stock Company
- Outstanding volume: 256,000,000 shares
- Treasury volume: 0 shares
- Exercise ratio: 7%/par value (the one who owns 100 shares will receive 07 new shares)
- Estimated issue volume: 17,920,000 shares
- Total issue value: VND179,200,000,000.
- Financial resources: according to the 2014 audited financial statements:
+ Other capital of the owner: VND169,237,381,136
+ Undistributed after-tax profit: VND1,496,595,536,926
+ The Company expected to pay VND179,200,000,000 to issue shares:
+ VND169,237,381,136 from the other capital of owner or 94.44% of total issue value (VND179,200,000,000);
+ VND9,962,618,864 from the undistributed capital or 5.56% of total issue value (VND179,200,000,000).
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be cancelled.
- Issue date: in Quarter 3/2015. HOSE
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