Vietnam Securities Depository and Clearing Corporation News

PRE: Right Issue

Date update 09/12/2022 - 16:53:36

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

Issuser's name:

PVI Reinsurance Joint-stock Corporation

Securities name:

Share of PVI Reinsurance Joint-stock Corporation

Securities code:

PRE

ISIN:

VN000000PRE8

Par value:

10,000 VND

Trading Platform:

HNX

Securities type:

Common share

Record date:

16/12/2022

Reason:

Right Issue

- Right code: MIRPRE221
- ISIN code: VNMIRPRE2215
(Effective date of code allocation: 23rd December 2022; effective date of code cancellation: 17th January 2023)
- Planned quantity of issued shares: 31,600,000 shares
- Issue price: 20,000 VND/share
- Execution rate: 182:79 (shareholders are entitled to 1 right for each share that they own and to buy 79 new shares for every 182 rights).
- Principle of rounding, handling the fractional shares and unsubscribed shares (if any):
+ The number of shares additionally issued will be rounded down to the whole number
+ The fractional shares due to rounding principle and remaining shares due to shareholders' refusal to buy will be offered by the Board of Directors (BOD) to existing shareholders (subscription in accordance with initial notice) at the rate of subscribed shares over the total registered securities in accordance with initial notice.
+ After the above offer, as for fractional shares and remaining shares, the BOD will decide criteria and offer to other investors (including existing shareholders) with conditions, rights, obligations of investors not more favorable than that offered to existing shareholders (including offered price not lower than that offered to existing shareholders)
+ Handling undistributed shares ensure compliance with Article 42 of Decree no.155/2020/NĐ-CP dated 31st December 2020 and other conditions of prevailing laws
+ In case of expiry of share distribution time as stipulated by laws including extended time (if any), if there are still undistributed shares, those shares will be cancelled and the BOD will decide to close the offering
Example: shareholder A who owns 1,000 shares on the record date is entitled to buy 434.07 shares ((1,000x79)/182=434.07). According above principle, shareholder A will buy 434 shares and 0.07 fractional shares will be removed.
- Regulations on rights transfer:

+ Time period for right transfer: from 23rd December 2022 to 9th January 2023
+ Rights are transferred once only, the transferee is not allowed to transfer rights to a third party.
- Regulations on subscribed shares:
+ Time period for subscription and payment: from 23rd December 2022 2022 to 12th January 2023
+ Subscribed shares are freely transferable.
- 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 to blockade account for subscription at Company's head office (level 25, PVI building, Lot VP2, Yen Hoa residential area and public works, Yen Hoa ward, Cau Giay district, Hanoi and make subscription payment to the blockade account
- Information on blockade account for subscription:
+ Account holder: PVI Reinsurance Joint-stock Corporation
+ Account number: 000003720735
+ Account opening place: Seabank - Dai An 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, 20th December 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 OF SHARES
- Security name: Shares of PVI Reinsurance Joint-stock Corporation
- Record date: 16th December 2022
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30 am on 20th December 2022
- Time period for right transfer: from 23rd December 2022 to 9th January 2023
- Time period for subscription and payment: from 23rd December 2022 to 12th January 2023
- Deadline for members' submission of subscription list and making relevant payment to VSD: 16th January 2023
- 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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