GSP: Board approves to issue shares to raise capital

According to Board resolution No.25 dated April 26, 2021, the Board of Directors of International Gas Product Shipping Joint Stock Company approved the implementation of the plan for stock issuance in order to raise the charter capital from the owner’s capital as follows:

-          Stock name: Stock ofInternational Gas Product Shipping Joint Stock Company

-          Stock code: GSP

-          Stock type: restricted common share

-          Par value: VND10,000/share

-          Number of shares registered to offer to the existing shareholders: 20,000,000 shares

-          Exercise ratio: 9:5 (Those who own 01 share will receive 01 right and with every 09 rights will be entitled to buy 05 new shares)

-          Offering price: VND10,000/share

-          Total expected mobilized capital: VND200,000,000,000.

-          Offering ratio on the total current shares: 55.6%

-          Time of implementation: Quarter 3 of 2021

-          The shares distributed to each shareholder will be rounded down. The fractional share (if any) will be offered to other investors.

-          Restriction period: 01 year from the end of the share offering.

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