CEN: Right issue
Vietnam Securities Depository (VSD) would like to announce the record date as follows:
- Right code: MIRCEN221
- ISIN: VNMIRCEN2214
(Effective date of code allocation: 27th June 2022; effective date of code cancellation: 21st July 2022)
- Planned quantity of issued shares: 10,284,840 shares
- Issue price: 10,000 VND/share
- Execution rate: 10:9 (shareholders are entitled to 1 right for each share that they own and to buy 9 new shares for every 10 rights)
- Principle of rounding, handling the fractional shares and unsubscribed shares (if any):
+ The number of shares entitled to buy will be rounded down to the unit. The fractional shares are authorized to the Board of Directors (BOD) to distribute to other domestic investors at the price of 10,000 VND/share within the prescribed time of Offering License
Example: shareholder Nguyen Van A who owns 102 shares is entitled to buy 91.8 new shares ((102x9/10)=91.8). According to the above principle, shareholder A will be entitled to buy 91 shares and 0.8 fractional shares will be distributed by the BOD to other domestic investors with the price of 10,000 VND/share.
+ Principle of handling unsubscribed shares: the General meeting authorizes the BOD to distribute to other domestic investors with the price not lower than that offered to existing shareholder. If shares are not sold out, the charter capital is increased in accordance with actually offered shares.
- Regulations on rights transfer:
+ Time period for right transfer: from 27th June 2022 to 11th July 2022
+ Rights are transferred once only. Shareholders are allowed to transfer their rights to one or many people at the price agreed between the transferor and the transferee. Transferee is not allowed to transfer to other parties
- Regulations on subscription:
+ Time period for subscription and payment: from 27th June 2022 to 18th July 2022
+ Shares offered to existing shareholders are freely transferable. The decimal fractional shares due to rounding principle and shares distributed to other domestic investors 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 Accounting department of CENCON Vietnam Joint Stock Company, Lot 45-50B, Thuy Hoa road, Duyen Hai ward, Lao Cai city, Lao Cai province on working days. ID cards/passports have to be presented.
- Information on blockade account for subscription:
+ Account holder: CENCON Vietnam Joint Stock Company
+ Account number: 12010007347535
+ Account opening place: BIDV – Transaction Office 1 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 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, 20th June 2022
If DMs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs and direct account holding members 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
- Security name: share of CENCON Vietnam Joint Stock Company
- Record date: 16th June 2022
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30 am on 20th June 2022
- Time period for right transfer: from 27th June 2022 to 11th July 2022
- Time period for subscription and payment: from 27th June 2022 to 18th July 2022
- Deadline for members' submission of subscription list and making relevant payment to VSD: 20th July 2022
- 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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42,539|5,996
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6
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3,108
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791
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37
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8,864,733