CTG: Resolution of EGM
Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced the resolution of the extraordinary general shareholders’ meeting (EGM) on July 13, 2013:
1. The Meeting approved to increate charter capital in 2013 and pay for the 2012 cash dividend:
- Payment for the 2012 cash dividend: 16%/ total charter capital before selling CTG’s share to Bank of Tokyo Mitsubishi UFJ (BTMU); VND26,217 billion * 16% = VND4,195 billion. BTMU did not pay for the 2012 cash dividend (according to the agreement between Vietinbank and BTMU). Payment for the 2012 cash dividend: VND3,368.68 billion.
- To increate charter capital in 2013:
+ Charter capital in June 30, 2013: VND32,661 billion.
+ Trading method: Issuing new shares for existing shareholders
+ Exercise ratio: 14% (a shareholder owning 100 shares will get 14 new shares)
+ Stock type: Common stock
+ Par value: VND10,000
+ Issue price: VND10,000/share
+ Issue volume expected: 457,300,000 shares
+ Total value issue: VND4,573 billion
+ Charter capital after issue: VND37,234 billion
- Plans to use the capital:
+ Enhancing credit: VNd1,823 billion
+ Network expansion: VND1,000 billion
+ Investing in materials, technologies and services: VND 850 billion
+ Investing: VND900 billion
2. The Meeting approved to amend the Articles of Association.
3. The Meeting approved the resignation of Ms. Pham Hoang Tam as a Member of the Board of Directors.
4. The Meeting approved to elect Member of the Board of Directors:
- Mr. Hiroyuki Nagata – Member
- Mr. Go Watanabe - Member
HOSE
