TEG: Payment of 2020 Stock Dividend and Right Issue
Date update 19/08/2021 - 14:25:29
Vietnam Securities Depository (VSD) would like to announce the record date as follows:
Truong Thanh Energy and Real Estate JSC
Share of Truong Thanh Energy and Real Estate Joint Stock Company
Payment of 2020 Stock Dividend and Right Issue
1. Payment of 2020 Stock Dividend- Execution rate: 100:5 (shareholders are entitled to receive 5 new shares for every 100 shares they own)
- Principle of rounding and handling fractional shares (if any): The number of shares to existing shareholders will be rounded down to the unit, the fractional shares will be removed
For example: on record date, shareholder A owns 155 shares, he shall be entitled to 7.75 shares ((155: 100 x 5) = 7.75). According to the rounding principle, shareholder A will receive 7 new shares and the 0,75 fractional shares will be removed.
- Payment place:
+ The holders whose shares have been deposited will receive dividend at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will receive dividend at the head office of the Company. ID cards and Certificate of share ownership have to be presented.
2. Right issue
+ Right code: MIRTEG211
+ ISIN code: VNMIRTEG2115
(Effective date of code allocation: 8th September 2021; effective date of code cancellation: 7th October 2021)
+ Planned quantity of issued shares: 21,589,095 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 3:2 (shareholders are entitled to 1 right for each share that they own and to buy 2 new shares for every 3 rights).
- Principle of rounding, handling the fractional shares, unsubscribed shares:
+ The number of shares offered to existing shareholders will be rounded down to the unit. The fractional shares and unsubscribed shares (if any) will be authorized to the Board of Directors to offer to other parties at the price of 10,000 VND/share and those shares are subject to transfer restriction within 1 year from the date of offering completion.
Example: Shareholder A who owns 155 shares is entitled to buy 103.33 shares ((155*2/3) = 103.33). According to principle of handling fractional share, shareholder A will be entitled to buy 103 shares.
+ For the fractional shares arising during the right exercise will be rounded to the unit and shares that are not fully offered due to the existing shareholders' refusal to buy part or all of the offering will be approved by the General Meeting to authorize the BOD to distribute to other parties with offering conditions, rights and obligation not more favorable than those offered to existing shareholders (including the offering price not lower than that offered to existing shareholders), subject to transfer restriction within 1 year from the date of offering completion.
- Regulations on rights transfer:
+ Time period for right transfer: from 8th September 2021 to 29th September 2021
+ Right can be transferred once only (not allowed to transfer to the 3rd party)
- Regulations on subscription:
+ Time period for subscription and payment: from 8th September 2021 to 4th October 2021
+ Subscribed shares are freely transferable. The above fractional shares and remaining shares are subject to transfer restriction within 1 year from the date of offering completion.
- Place for implementation:
+ The holders whose shares have been deposited have to make transfer of purchase right, subscription and payment at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will make right transfer, subscription and payment at the Head office. ID cards and Certificate of share ownership have to be presented.
- Information on blockade account for subscription:
+ Account holder: Truong Thanh Energy and Real Estate JSC
+ Account number: 1012321970
+ Account opening place: Saigon – Hanoi Commercial Joint Stock Bank - Hanoi Branch
- Schedule for DMs to process right issue with VSD is detailed in the attached file.
Depository members (DMs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSD with the information managed by DMs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of shareholders (For DMs who have not completed the connection to VSD’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent to email@example.com). In case of rejection due to data errors, VSD's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 11h30, 1st September 2021.
If DMs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs by VSD accurate and confirmed. In case of arising disputes and losses to shareholders, DMs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above shares at DMs within 3 working days from the date on the notice.
SCHEDULE FOR EXECUTION OF RIGHT ISSUE OF TEG SHARES
- Security name: share of Truong Thanh Energy and Real Estate JSC
- Record date: 30th August 2021
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 11.30am on 1st September 2021
- Time period for right transfer: from 8th September 2021 to 29th September 2021
- Time period for subscription: from 8th September 2021 to 4th October 2021
- Deadline for members' submission of subscription list and making relevant payment to VSD: 6th October 2021
- Account for cash transferring:
+ Account number: 122.10.00.0173177
+ Account name: Vietnam Securities Depository
+ At the bank: Bank for Investment and Development of Vietnam – Ha Thanh Branch.
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