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IDV: Board Resolution On 10 May
2016, Vinh Phuc Infrastructure Development Joint Stock Company announced the Board
resolution as follows:
Article 1: Approve the dividend advance in
cash for 2016 as follows:
- Dividend
payment rate: 20%/ share
- Capital resources:
Extracted from profit after tax (as at 31 Mar 2016)
Article 2: Approve the share issue to advance
dividends for 2016 and raise the share capital from owner's equity as follows:
2.1 Capital
resources
+ Issue
shares to advance dividends for 2015: 30% of the outstanding shares, equivalent
to VND 23,036,976,000 from profit after tax as at 31 Mar 2016
+ Issue
shares to raise the share capital from owner's equity: 20% of the outstanding
shares, equivalent to VND 15,357,984,000 taken from the Investment Development
Fund as at 31 Mar 2016
2.2 Plan for
the share issue
- Type of
share: Common share
- Par value:
VND 10,000/ share
- Expected
number of shares to be issued: 3,839,496 shares
- Total par
value: VND 38,394,960,000
- Issuing
method: Issue shares to the outstanding shares to advance dividends in 2016 and
raise share capital from owner's equity
- Eligible
buyer: Outstanding shareholders named in the list of share owners on the record
date to receive dividends by shares
- Right
exercise rate: 100:50 (if the shareholder named in the shareholder list on the
record date, he will receive 50 new shares)
- Exercise
time: Start from 22 Apr 2016
Article 3: Method of handling fractional
shares
Shares issued
to the outstanding shareholders will be rounded down to unit digit. The
fractional shares (if any) will be redeemed by Vinh Phuc Infrastructure
Development Joint Stock Company for treasury shares with price of VND 10,000/
share. If the fractional shares still arise from the fractional shares purchased
for treasury shares, they will continue being rounded down to unit digit.
For example,
shareholder A who holds 119 shares on the record date with the right allotment
of 100:50 receives 59.5 new shares. Such, 0.5 fractional share will be redeemed
by Vinh Phuc Infrastructure Development Joint Stock Company with price of VND
10,000 for treasury shares. Consequently, shareholder A will receive 59 new
shares and VND 5,000
Article 4: Listing and depository of the
additionally issued shares
The
additionally issued shares will be listed on Hanoi Stock Exchange and deposited
at Vietnam Securities Depository after the share issue ends.
Article 5: Assign the Management Board to
arrange the capital to pay dividends in cash, to carry out the work related to
the dividend advance in cash and share issue in 2016 in accordance with the
law.
Article 6: Implementation
This
resolution took effect as from the signing date and replaced Board Resolution
No. 194/16/NQ – HDQT/IDV dated 19 Apr 2016 on dividend advance in cash and
share issue for dividend payment for 2016
Members of
Board of Directors, Management Board and related Departments take
responsibility for carrying out the resolution. HNX
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