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Nam Kim Steel Joint Stock Company announced Resolution No.01 dated January 09, 2017 as follows:
Article 1: Approving the issuance of shares to pay dividends for 2015 (exercise ratio: 15%) & to pay first stock dividends for 2016 (exercise ratio: 35%) as follows:
- Purpose: Issuance of shares to pay dividends
- Plan for issuance of shares:
- Stock name: Nam Kim Steel Joint Stock Company
- Stock type: common share
- Par value: 10,000dongs/share
- Stock code: NKG
- Number of shares expected to issue: 33,017,180 shares
+ Issuance of shares to pay dividends for 2015: 9,905,154 shares
+ Issuance of shares to pay first dividends for 2016: 23,112,026 shares
- Total of value of issuance (on par value): VND330,171,800,000
- Exercise ratio:
+ Ratio of dividend payment for 2015: 15% (Shareholder who owns 100 shares will receive 15 new shares)
+ Ratio of the first dividend payment for 2016: 35% (Shareholder who owns 100 shares will receive 35 new shares)
- Time of implementation: Q1.2017
- 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 255 shares at the record date, he will receive 127 new shares.
- Issuance consulting agency: Baoviet Securities Joint Stock Company (BVSC)
Article 2: Approving plan for issuance of shares under ESOP
- Number of shares expected to issue: 1,000,000 shares
- Total of value of issuance (on par value): VND10,000,000,000
- Exercise ratio: 1.5%
- Issuing price: 10,000dongs/share
- Retriction on transfer: 01 year from the finish date of stock offering
- Time of implementation: within 45 days as from the date of documents receipt of the State Securities Committee
Article 3: To reregister for Business Registration Certificate, to amend its charter, registration depository & additional listing of shares.
Article 4: This Resolution will be effective from January 09, 2017.
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