GEG121022: Seeking bondholders' opinions and Bond Redemption before Maturity
Date update 03/08/2023 - 17:18:47
Vietnam Securities Depository (VSD) would like to announce the record date as follows:
Issuser's name:
Gia Lai Electricity Joint Stock Company
Securities name:
Bonds of Gia Lai Electricity Joint Stock Company
Securities code:
GEG121022
ISIN:
VNGEG1210228
Par value:
100,000 VND
Trading Platform:
HNX
Securities type:
Corporate bonds
Record date:
15/08/2023
Reason:
Seeking bondholders' opinions and Bond Redemption before Maturity
1. Seeking bondholders' opinions
- Execution rate: 1 bond - 1 voting right
- Execution time: August - September 2023 tentatively
- Execution place:
+ Postal ballot: Techcom Securities Company Limited - Bondholder Representative, Levels 27-28-29, C5 D’Capitale building, No. 119 Tran Duy Hung, Trung Hoa ward, Cau Giay District, Hanoi
+ E-voting: Bondholders access http://tcinvest.tcbs.com.vn/e-voting-list and log-in account for voting
Contents: approving a number of mechanisms related to the guarantee Assets of GEGB2124002 Bond (securities code: GEG121022).
- Execution rate: 1 bond - 1 voting right
- Execution time: August - September 2023 tentatively
- Execution place:
+ Postal ballot: Techcom Securities Company Limited - Bondholder Representative, Levels 27-28-29, C5 D’Capitale building, No. 119 Tran Duy Hung, Trung Hoa ward, Cau Giay District, Hanoi
+ E-voting: Bondholders access http://tcinvest.tcbs.com.vn/e-voting-list and log-in account for voting
Contents: approving a number of mechanisms related to the guarantee Assets of GEGB2124002 Bond (securities code: GEG121022).
2. Bond Redemption before maturity
- The number of shares that the issuer plans to redeem: 7,000,000 bonds
- Execution rate: the number of redeemed bonds/bonds held by investors: 1/1 (each bondholder is entitled to sell 1 bond for each bond they hold)
Redemption price for each bond GEG121022 is 105,329 VND/bond. The proceeds actually received by the bondholder shall be rounded to the whole number (if the first decimal place is equal to or greater than 5, the number is rounded up; if the first decimal is less than 5 then the decimal part is discarded).
- Payment date: 26th September 2023 (Redemption date)
- If at the end of the selling registration period, the bondholders only register to sell a part or do not register to sell, they can only sell the number of bonds that are registered for sale, the number of bonds that are not registered to sell will not not be redeemed. The number of redeemed bonds is determined according to the actual number of bonds that bondholders register to sell
- All redeemed bonds will be blocked and canceled after the Issuer completes redemption
Example: a shareholder who owns 20 bonds is entitled to sell 20 bonds but the holder of bond A only registers to sell 10 bonds, then:
· The Issuer will redeem 10 bonds, and at the same time, block and cancel 10 redeemed bonds.
· The amount paid by the Issuer to the holder of bond A is: 10 bonds x 105,329 = 1,053,290 VND
- Time register to sell bonds to the Issuing Organization: from 5th September 2023 to 8th September 2023
- Payment place:
+ The holders whose securities have been deposited will make bond redemption at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will make bond redemption at Vietnam Technological and Commercial Joint – Stock Bank from 5-8 September 2023
Depository members (DMs) and direct account holders (DAHs) 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 and DAHs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of securities holders (For DMs and DAHs 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 tothongbaoxacnhan@vsd.vn). In case of rejection due to data errors, DMs and DAHs are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 17th August 2023
If DMs and DAHs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs and DAHs by VSD accurate and confirmed. In case of arising disputes and losses to securities holders, DMs and DAHs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above securities at DMs within 3 working days from the date on the notice.
- The number of shares that the issuer plans to redeem: 7,000,000 bonds
- Execution rate: the number of redeemed bonds/bonds held by investors: 1/1 (each bondholder is entitled to sell 1 bond for each bond they hold)
Redemption price for each bond GEG121022 is 105,329 VND/bond. The proceeds actually received by the bondholder shall be rounded to the whole number (if the first decimal place is equal to or greater than 5, the number is rounded up; if the first decimal is less than 5 then the decimal part is discarded).
- Payment date: 26th September 2023 (Redemption date)
- If at the end of the selling registration period, the bondholders only register to sell a part or do not register to sell, they can only sell the number of bonds that are registered for sale, the number of bonds that are not registered to sell will not not be redeemed. The number of redeemed bonds is determined according to the actual number of bonds that bondholders register to sell
- All redeemed bonds will be blocked and canceled after the Issuer completes redemption
Example: a shareholder who owns 20 bonds is entitled to sell 20 bonds but the holder of bond A only registers to sell 10 bonds, then:
· The Issuer will redeem 10 bonds, and at the same time, block and cancel 10 redeemed bonds.
· The amount paid by the Issuer to the holder of bond A is: 10 bonds x 105,329 = 1,053,290 VND
- Time register to sell bonds to the Issuing Organization: from 5th September 2023 to 8th September 2023
- Payment place:
+ The holders whose securities have been deposited will make bond redemption at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will make bond redemption at Vietnam Technological and Commercial Joint – Stock Bank from 5-8 September 2023
Depository members (DMs) and direct account holders (DAHs) 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 and DAHs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of securities holders (For DMs and DAHs 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 tothongbaoxacnhan@vsd.vn). In case of rejection due to data errors, DMs and DAHs are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 17th August 2023
If DMs and DAHs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs and DAHs by VSD accurate and confirmed. In case of arising disputes and losses to securities holders, DMs and DAHs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above securities at DMs within 3 working days from the date on the notice.
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