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NAF: Resolution of Extraordinary General Meeting 2017 Nafoods Group Joint Stock Company announces the Resolution of Extraordinary General Meeting 2017 dated September 15, 2017 as follows:
Article 1: To elect Mr. Johan De Geer to the Board of Directors.
Article 2: To approve the document on (1) the cancellation of public offering plan which was adopted by the 2016 Annual General Meeting of Shareholders and extended by the 2017 Annual General Meeting of Shareholders (including: to issue shares to pay dividend, issue shares to the existing shareholders to raise the charter capital and issue shares under ESOP); (2) to approve to pay stock dividend for 2015 and issue shares under ESOP.
Here is the plans for the 2015 stock dividend payment and ESOP:
1) To issue shares to pay dividend for 2015 (5%/charter capital):
- Payment ratio: 5%
- Issue volume: 1,500,000 shares
- Par value: VND10,000/share
- Total issue value: VND15,000,000,000.
- Stock type: common stock
- Exercise ratio: 20:1 (Those who own 20 shares on the record date will receive 01 new share.)
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be bought back as treasury shares at VND10,000/share.
- Issue date: in 2017 or first six months of 2018.
2) To issue shares under ESOP:
- Issue volume: 1,500,000 shares
- Par value: VND10,000/share
- Total issue value: VND15,000,000,000.
- Stock type: common stock
- Objects: key managers and employee in the Company and its subsidiaries in 2015.
- Restriction period: none
- Issue date: in 2017 or first six months of 2018.
Article 3: To approve the 2016 financial statement audited by Grant Thornton (Vietnam) Co., Ltd.
Article 4: This resolution was adopted on September 15, 2017. HOSE
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