Vietnam Securities Depository and Clearing Corporation News

VLA: Right Issue

Date update 21/08/2023 - 17:30:20

Vietnam Securities Depository and Clearing Corporation (VSDC) would like to announce the record date as follows:

Issuser's name:

Van Lang Technology Development and Investment Joint Stock Company

Securities name:

Shares of Van Lang Technology Development and Investment Joint Stock Company

Securities code:

VLA

ISIN:

VN000000VLA7

Par value:

10,000 VND

Trading Platform:

HNX

Securities type:

Common shares

Record date:

31/08/2023

Reason:

Right Issue

- Right code: MIRVLA231
- ISIN code: VNMIRVLA2316
(Effective date of code allocation: 13th September 2023; effective date of code cancellation: 26th October 2023)
- Planned quantity of issued shares: 1,997,998 shares
- Issue price: 10,000 VND
- Execution rate: 1:1 (shareholders are entitled to 1 right for each share that they own and to buy 1 new share for each right).
- Principle of rounding, handling fractional shares and unsubscribed shares (if any):
+ Due to execution rate of 1:1, there is no fractional share.
Example: shareholder A who owns 105 shares on the record date is entitled to 105 rights and entitled to buy 105 shares.
+ For shares that are not issued due to shareholders' refusal to buy: the unsubscribed shares due to shareholders's refusal to buy all or a part will be authorized to the Board of Directors (BOD) to offer to other investors at the price not lower than that offered to existing shareholders and subject to transfer restriction within 1 year from the date of offering completion. The criteria of selecting investor for distribution will be decided by the BOD
- Regulations on rights transfer:

+ Time period for right transfer: from 13th September 2023 to 16th October 2023.
+ Purchase right can be transferred once only. The transferee is not allowed to transfer to the 3rd party
- Regulations on subscribed shares:
+ Time period for subscription and payment: from 13th September 2023 to 23rd October 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 at Van Lang Technology Development and Investment Joint Stock Company and make subscription payment to the blockade account.
- Information on blockade account for subscription:
+ Account holder: Van Lang Technology Development and Investment Joint Stock Company
+ Account number: 0861101128003
+ Account opening place: MB Bank - Ba Dinh Branch
Schedule of processing rights issue by Depository member 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 VSDC 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 VSDC’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, VSDC's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10:30 pm, 6th September 2023.
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs by VSDC 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 VLA
- Security name: share of Van Lang Technology Development and Investment Joint Stock Company
- Record date: 31st August 2023
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30 am, 6th September 2023
- Time period for right transfer: From 13th September 2023 to 16th October 2023
- Time period for subscription: From 13th September 2023 to 23rd October 2023
- Deadline for members' submission of subscription list and making relevant payment to VSDC: 25th October 2023;
Account for cash transferring:
+ Account number: 122.10.00.0173177
+ Account name: Vietnam Securities Depository and Clearing Corporation
+ At the bank: Bank for Investment and Development of Vietnam – Ha Thanh Branch.