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HAX: BODs Resolution on stock issuance plan On April 27, 2017, Hang Xanh Motors Service Joint Stock Company issued Resolution No.10/2017/QĐ-HĐQT about a plan for stock issuance under ESOP and stock issuance to raise capital as follows:
1. Stock issuance plan to raise capital from the owner’s equity to existing sharesholders
- Stock name: Hang Xanh Motors Service Joint Stock Company
- Stock code: HAX
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares expected to be issue: 8,538,920 shares
- Total value of shares expected to be issue (on par value): 85,389,200,000 dongs
- Expected time of implementation: Q2.2017 or Q3.2017
- Issuance object: existing sharesholders
- Financial resource:
+ Invsetment Development fund: 3,441,950,013 dongs
+ Undistributed profit after tax: 81,947,249,987 dongs
- Exercise ratio: 60% (shareholder who owns 01 share will receive 01 right. Every 10 rights will receive 06 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled
- For example, if shareholder A owns 549 shares at the record date, he will receive 329 new shares. The fractional shares (0.4 share) will be cancelled.
- Transfer restrction: none
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Hang Xanh Motors Service Joint Stock Company
2. Stock issuance plan under ESOP:
- Name of company: Hang Xanh Motors Service Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares expected to be issued: 572,459 shares
- Total value of shares expected to be issued (on par value): 5,724,590,000 dongs
- Expected time of implementation: Q2.2017 or Q3.2017
- Issuance oject: Executive Board and key staff.
- Financial resource:
+ Undistributed profit after tax: 5,724,590,000 dongs
- Issuing ratio: 4.02%
- Transfer restrction: within 01 year HOSE
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