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IDV: Board resolution on the acquisition of treasury shares On 24/11/2015, Vinh Phuc Infrastructure Development Joint Stock
Company announced Board Resolution on the acquisition of treasury shares as
follows:
Article 1: Approve the plan on the
acquisition of treasury shares with main contents as follows:
- The maximum number of shares
expected to be purchased for treasury shares: 60,000
- Purpose of the purchase: The
Company uses the available cash for the acquisition to reduce the number of
outstanding shares and increase earnings per share.
- Capital source: The undistributed
after-tax profit
- The expected implementation time:
From 10/12/2015 to 09/01/2016
- Trading method: Order-matching or
put-through on HNX
- Principle of price calculation:
The market price at the transaction time
- Trading price: according to
regulations of HNX
Article 2: Assign General Manager
to:
- Send report and related documents
to competent authorities
- Register the purchase, announce
the implementation time, decide the suitable purchase price and implement other
related works.
Article 3: This resolution comes
into effect from the signing date and replaces Board Resolution no.
1211/15/NQ-HDQT/IDV dated 12/11/2015 of Board of Directors on the acquisition
of IDV treasury shares.
Board of Directors, Management
Board and related departments are responsible for implementation.
HNX
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