LSS: BOD Resolution No. 104 for adjusting issuance plans in 2021 AGM Lam Son Sugar Joint Stock Corporation announces BOD Resolution No. 104 for adjusting issuance plans in 2021 AGM as follows:
- The BOD approved an adjustment on plans of 2019/2020 & 2020/2021 stocks dividend, share offering to existing sharesholders.
- Plans of 2019/2020 & 2020/2021 stocks dividend:
- Outstanding shares: 70,000,000 shares because the company sold all treasury shares.
- Estimated shares for dividend: 4,550,000 shares
- Plan of share offering to existing sharesholders:
- Outstanding shares: 70,000,000 shares
- Exercise ratio: 7:3, 01 share : 01 right and shareholders owning 7 rights will buy 3 new shares
- Implementing time: after SSC appoved to the event
- Toatal amount: estimated 300,000,000,000 dongs and used to debt payments
- The comapny must ensure implementing time of the events, shareholders’ benefit and offering volumes approved by AGM.
- The BOD approved details of plans of 2019/2020 & 2020/2021 stocks dividend, share offering to existing sharesholders.
- Plans of 2019/2020 & 2020/2021 stocks dividend:
- Estimated issued volume: 4,550,000 shares
- Ratio: 2019/2020:4,5% & 2020/2021: 2%
- Plan of share offering to existing sharesholders:
- Offering volume: 30,000,000 shares
- Exercise ratio: 7:3, 01 share : 01 right and shareholders owning 7 rights will buy 3 new shares
- Offering price: 10,000 dongs/ share
- The BOD approved plan of debt payments after increasing capital.
- The BOD complies with regulations and laws for the events.
- The BOD approved documents of the events.
- The BOD authorized to Chairman implementing process of the events.
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