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VRC: Record date for implementing rights On September 01, 2017, the Hochiminh Stock Exchange issued Announcement No.1015/TB-SGDHCM about the record date for implementing rights to issue shares of VRC Real Estate and Investment Joint Stock Company as follows:
- Ex-right date: September 12, 2017
- Record date: September 13, 2017
1) Reason & Purpose: to implement the purchase rights.
2) Content:
- Exercise ratio: 1:0.7 (shareholder who owns 01 share will receive 01 right, and with every 01 right will be entitled to purchase 0.7 new shares.)
- Expected issue volume: 10,153,333 shares
- Issuing price: 11,000 dongs/share
- How to deal with fractional shares: The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares and the shares refused to buy (if any) will be decided by the Board of Directors.
- For example: At the record date, the shareholder A owns 255 shares. With 1:0.7 performing ratio, the shareholder A will purchase: 255 * 0.7 = 178.5 shares. According to rounding policy, the shareholder A purchases 178 new shares. The fractional shares of 0.5 will be cancelled.
- Regulation on rights transfer:
+ Time for rights transference: from September 19, 2017 to October 06, 2017
+ The rights should be transferred only once.
- Regulation on securities purchased:
+ Time for subscription and deposit: from September 19, 2017 to October 10, 2017
+ The new shares are freely transferable.
- Place to receive subscription:
+ Shareholders whose shares have been deposited: at the securities firms where shares have been deposited.
+ Shareholders whose shares have not been deposited: at VRC Real Estate and Investment Joint Stock Company.
- Bank for blocking depository money:
+ Account holder: VRC Real Estate and Investment Joint Stock Company
+ Account number: 007 100 1165 608
+ Bank: Joint Stock Commercial Bank for Foreign Trade of Viet Nam – Ho Chi Minh Branch. HOSE
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