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PC1: Resolution on private placement According to the resolution of General Meeting of Shareholders dated September 12, 2017 after collecting shareholders’ opinions in writing, the shareholders of Power Construction Joint Stock Company approved the following issues:
1) To approve the plan for private placement in 2017:
- Name of stock: Stock of Power Construction Joint Stock Company
- Stock type: common stock
- Par value: VND10,000/share
- Number of shares at present: 97,841,320 shares
- Number of outstanding shares: 97,840,888 shares
- Number of treasury shares: 432 shares
- Maximum number of shares for private placement: 17,611,522 shares (15.254% of charter capital after issuance)
- Total expected issue value: VND176,115,220,000.
- Issue method: private placement
- Charter capital after issuance: VND1,154,528,420,000.
- Restriction period: 01 year
- Issue price: to be negotiated and not less than VND21,082/share
- The shares refused to buy by investors will be offered to other objects by the Board of Directors.
- Issue date: in 2017.
2) To approve the plan for the use of capital from private placement:
After the private placement, the proceeds will be used to raise funds for Mong An Hydropower Project (Bao Lam 4), Bal Lac B Hydropower Project (Bao Lam 2A) and Thanh Xuan Real Estate Project.
- Mong An Hydropower Project (Bao Lam 4): 41% of the proceeds
- Bal Lac B Hydropower Project (Bao Lam 2A): 26% of the proceeds
- Thanh Xuan Real Estate Project (44 Trieu Khuc): 33% of the proceeds
3) To approve to raise the charter capital and amend the Articles of Association to match the total par value of shares to be successfully issued under the plan above.
4) To approve the additional depository and listing of the new shares at the Vietnam Securities Depository and Hochiminh Stock Exchange.
5) To authorize the Board of Directors to implement procedures relating to the issuance. HOSE
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