ITA: Board Resolution
Tan Tao Investment and Industry Corporation (ITACO) disclosed the Board resolution on its plan to issue shares for to pay dividend and to increase charter capital:
Article 1: Approving the plan to issue shares to pay dividend of 2012 to existing shareholders:
- Issuer: Tan Tao Investment and Industry Corporation
- Stock type: Common stock
- Number of outstanding shares: 562,252,867 shares
- Exercise ratio to pay dividend: 5% (A shareholder owning 01 share will receive 01 right, 100 rights will receive 5 new shares)
- Issue volume: 28,112,643 shares
- Total value from the issue shares: 281,126,430,000 dongs
- Finance resource: the undistributed profit until December 31, 2012
- Issue date: expected in July 2013
Article 2: Approving the plan to issue shares to increase its charter capital to existing shareholders:
- Issuer: Tan Tao Investment and Industry Corporation
- Stock type: Common stock
- Number of outstanding shares: 562,252,867 shares
- Exercise ratio to increase its charter capital: 5% (A shareholder owning 01 share will receive 01 right, 100 rights will receive 5 new shares)
- Issue volume: 28,112,643 shares
- Total value from the issue shares: 281,126,430,000 dongs
- Finance resource: the surplus capital
- Issue date: expected in July 2013
Article 3: Approving a plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be canceled.
For example: At the record date, shareholder Nguyen Van A owns 104 shares, the calculation will be: 104-5% = 5.2 new shares. Therefore, shareholder A will have the right to buy 5 new shares.Article 4: The resolution takes effect as from July 02, 2013.
HOSE
