Vietnam Securities Depository and Clearing Corporation News

PLP: Right issue for existing shareholders

Date update 10/01/2022 - 15:29:01

Vietnam Securities Depository (VSD) would like to announce the record date as follows:

Issuser's name:

Pha Le Plastics Manufacturing and Technology Joint Stock Company

Securities name:

Share of Pha Le Plastics Manufacturing and Technology Joint Stock Company

Securities code:

PLP

ISIN:

VN000000PLP7

Par value:

10,000 VND

Trading Platform:

HOSE

Securities type:

Common share

Record date:

19/01/2022

Reason:

Right issue for existing shareholders

+ Right code: MIRPLP221
+ ISIN code: VNMIRPLP22181
(Effective date of code allocation: 26th January 2022; effective date of code cancellation: 24th February 2022)
+ Planned quantity of issued shares: 20,000,000 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 02:01 (shareholders are entitled to 1 right for each share that they own and to buy 1 new share for 2 rights).
- Principle of rounding and handling fractional shares, unsubscribed shares:
+ The number of shares received will be rounded down to the unit
+ The fractional shares arising during the exercise of the right and the shares that are not fully sold because the existing shareholders refuse to buy a part or the whole in the issuance will be distributed by the Board of Directors to other parties in accordance at the offering price is not lower than that offered to existing shareholders and these investors have to comply with the following criteria:
Organizations and individuals who are existing shareholders or other investors with financial capacity or experience in the Company's business field.
There is a bid price in line with the offering plan
Having a desire for long-term investment, being ready to accompany the Company's development .
In case the distribution of fractional shares and the number of shares that are not fully sold gives rise to mandatory conditions that have to be approved by the General Meeting according to the provisions of Article 42 of Decree 155/2020/ND-CP dated 31st December 2020 by the Government, the Board of Directors seeks opinions of the General Meeting on the plan to handle fractional shares and shares that existing shareholders did not subscribe.
upon expiry of share distribution as prescribed by law (including the extension period (if any)), if there are still undistributed shares, these shares will be cancelled and the Board of Directors made a decision to close the issuance.
Example: on the record date, shareholder A who owns 155 shall be entitled to buy 77.5 new shares ((155:2) = 77.5). The number of shares that shareholder A is entitled to buy is 77.
- Regulations on transfer restriction:
+ All shares issued to existing sharehoders in accordance with execution rate are freely transferable
+ The number of fractional shares and the number of shares that existing shareholders are allowed to buy but refuse to buy and offered to other parties are subject to transfer restriction within 1 year from completion of the offering.
- Regulations on rights transfer:
+ Time period for right transfer: from 26th January 2022 to 14th February 2022
+ Right can be transferred once only and is not allowed to transfer to the 3rd party
- Regulations on subscription:
+ Time period for subscription and payment: from 26th January 2022 to 21st February 2022
+ Subscribed shares are freely transferable. The 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 Company’s Hanoi office. ID cards and passbooks have to be presented.
- Information on blockade account for subscription:
+ Account holder: Pha Le Plastics Manufacturing and Technology Joint Stock Company
+ Account number: 21610000771803
+ Account opening place: BIDV – Dong Da Branch
Schedule for DMs to process right issue with VSD branch 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 thongbaoxacnhan@vsd.vn). 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 10.30 am, 21st January 2022
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 SHARES
- Issuer’s name: Pha Le Plastics Manufacturing and Technology Joint Stock Company
- Security name: shares of Pha Le Plastics Manufacturing and Technology Joint Stock Company
- Security type: right issue for existing shareholders
- Record date: 19th January 2022
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: 10:30 a.m on 21st January 2022
- Time period for right transfer: from 26th January 2022 to 14th February 2022
- Time period for subscription and payment: from 26th January 2022 to 21st February 2022
- Deadline for members' submission of subscription list and making relevant payment to VSD: 23rd February 2022
- Account for cash transferring:
+ Account number: 122.10.00.01731777Ho Chi Minh Branch
+ At the bank: Bank for Investment and Development of Vietnam – Ha Thanh Branch

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