TEG: Right Issue
Viet Nam Securities Depository and Clearing Corporation (VSDC) would like to announce the record date as follows:
+ Right code: MIRTEG231
+ ISIN code: VNMIRTEG2313
(Effective date of code allocation: 14/12/2023; effective date of code cancellation: 23/01/2024)
+ Planned quantity of issued shares: 48,000,000 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 1000:659,28123 (1 share - 1 voting right, shareholders are entitled to receive 659,28123 new shares for every 1000 shares they own).
- Principle of rounding, handling the fractional shares, unsubscribed shares:
* Remaining shares not yet distributed to existing shareholders include: (i) remaining shares due to existing shareholders refusing to buy part or all of the offering, (ii) fractional shares arising due to rounding down when calculating the shares purchased by existing shareholders according to the exercise rate of rights and (iii) the difference in shares arising between the total number of shares expected to be offered for sale (48,000. 000 shares) and the total number of actual shares offered for sale according to the right exercise ratio: the entire number of undistributed shares mentioned above is authorized by the General Meeting of Shareholders to the Board of Directors (BOD) to offer for sale. to other Investors with offering conditions no more favorable than the offering conditions to existing shareholders (including an offering price not lower than the selling price to existing shareholders).
* The remaining shares not yet distributed to existing shareholders when offered to other investors according to the decision of the Board of Directors will be subject to transfer restrictions of 01 year from the date of completion of the offering.
* The handling of remaining shares not yet fully distributed to existing shareholders must ensure compliance with the provisions of Article 42 of Decree No. 155/2020/ND-CP dated December 31, 2020 and ensure other conditions according to the provisions of Clause 2, Article 195 of the Enterprise Law and other relevant provisions of current law.
* In the event of the expiration of the stock distribution deadline as prescribed by law (including the extended time (if any)), if there are still undistributed shares, these undistributed shares will be canceled and the Board of Directors issued a decision to end the issuance.
For example: Shareholder Nguyen Van A owns 1,500 shares. On the date of closing the list of shareholders to allocate rights to buy additional shares, shareholder Nguyen Van A is allocated 1,500 rights to buy, according to the actual ratio. Currently, the number of shares that shareholder Nguyen Van A can buy is 1,500x659.28123/1000 = 988.92185 shares. According to the principle of rounding down, the number of shares that shareholder Nguyen Van A can buy is 988 shares. According to the Plan for handling odd shares, 0.92185 odd shares (take up to 5 decimal places after the comma) will be offered by the Board of Directors to other investors with less favorable offering conditions than with the conditions of offering to existing shareholders (including the offering price not lower than the selling price to existing shareholders).
- Regulations on rights transfer:
+ Time period for right transfer: from 14/12/2023 to 15/01/2024.
+ Shareholders have the right to transfer the right to buy shares to others but can only transfer it once within the prescribed time (the transferee of the right to buy shares cannot transfer that right to a third person).
- Regulations on subscription:
+ Time period for subscription and payment: from 14/12/2023 to 18/01/2024.
+ 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 the Head office of Truong Thanh Energy and Real Estate Joint Stock Company, (No. 14-16, Ham Long Street, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi City, Vietnam) on working day from 14/12/2023 . ID cards and Certificate of share ownership have to be presented and pay the order into the blocked account.
- Information on blockade account for subscription:
+ Account holder: Truong Thanh Energy and Real Estate JSC
+ Account number: 121210003550997
+ Account opening place: Joint Stock Commercial Bank for Investment and Development of Vietnam – Tay Ho Branch
- Schedule for DMs to process right issue with VSDC 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 10h30, 06/12/2023.
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 TEG SHARES
- Security name: share of Truong Thanh Energy and Real Estate JSC
- Record date: 04/12/2023
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30am on 06/12/2023
- Time period for right transfer: from 14/12/2023 to 15/01/2024.
- Time period for subscription: from 14/12/2023 to 18/01/2024.
- Deadline for members' submission of subscription list and making relevant payment to VSDC: 22/01/2024.
- Account for cash transferring:
+ Account number: 1220173177
+ Account name: Viet Nam Securities Depository and Clearing Corporation
+ At the bank: Bank for Investment and Development of Vietnam – Ha Thanh Branch.
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42,539|5,996
-
6
-
3,055
-
788
-
37
-
8,864,733