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TMS: Board Resolution No.53 on Bond Conversion _ Phase 2 The Board of Directors of Transimex-Saigon Corporation announced Board Resolution No.53 dated November 28, 2016 as follows:
The Board of Directors of Transimex-Saigon Corporation announced Board Resolution No.53 dated November 28, 2016 as follows:
Article 1: Approving the conversion plan for TMSCB2014 – Phase 2 on the maturity date of bonds:
1. Bond: Convertible bond of Transimex-Saigon Corporation
2. Bond code: TMSCB2014
3. Par value: VND100,000/bond. Of which, value of unpaid remaining principal: VND50,000/bond
4. Issue date: January 27, 2015
5. Total issued value: VND100 billion
6. Record date for the bondholder list to register to convert: December 07, 2016
7. Time to register for conversion: from December 12, 2016 to January 24, 2017
8. Conversion price: VND15,000/share
9. Conversion ratio:
- Conversion ratio of bonds in Phase 2: 50% of the value of issued bonds
- Conversion ratio of shares:
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50,00
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share
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/ 01 bond
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(15,000)
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10. Number of issue shares in the first conversion phase: maximum 3,333,333 shares
11. In case bondholders do not implement the rights of conversion, the Company will pay the principal corresponding to the bonds not converted. Bondholders will complete procedures to receive the principal of the bonds not converted from February 02, 2017.
Article 2: Approving the payment for interest of TMSCB2014 bonds:
1. Record date for paying interest to bondholders: December 07, 2016
Payment date: February 02, 2017 HOSE
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