Friday, 25/11/2016 16:27

LGL: Resolution on the record date for stock issuance

 

Long Giang Investment and Urban Development Joint Stock Company announced Board Resolution No.57/2016 dated November 24, 2016 as follows:

Articles 1: Board approved to the record date to implement right for existing shareholders:

-          Record date: December 08, 2016

-          Minimum bidding volume: 10 shares

-          Exercise ratio: 2:1 (Shareholders who own 01 share will 01 right, every 02 rights will be bought 01 new share)

-          Regulation on rights transfer: Transferable rights only once from December 19, 2016 to January 10, 2017.

-          Time for subscription and settlement: from December 19, 2016 to January 17, 2017.

Articles 2: Board approved to the record date for increase capital from the owner’s equity

-          Record date: December 08, 2016

-          Exercise ratio: 5:1 (Shareholders who own 05 shares will receive 01 new share)

Articles 3: Board approved to transfer ownership of bonus share from ESOP

-          Date of transfer ownership: December 08, 2016

-          Number of shares expected to issue: 600,000 shares

-          Exercise ratio: 3%

Articles 4: This Resolution will be effective from November 24, 2016.

HOSE

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