VBB: Right issue
Viet Nam Securities Depository and Clearing Corporation (VSDC) – Hochiminh Branch would like to announce the record date as follows:
- Right code: MIRVBB231
- ISIN code: VNMIRVBB2317
(Effective date of code allocation:16/01/2024; effective date of code cancellation: 04/03/2024)
- Planned quantity of issued shares:100,313,360 shares
- Issue price: 10,000 VND/share
- Execution rate: 100:21 (shareholders are entitled to 1 right for each share that they own and to buy 21 new share for 100 rights)
- Principle of rounding, handling fractional shares: the number of shares issued to shareholders will be rounded down to the whole number.
Example: On the record date, shareholder A who owns 101 shares is entitled to buy 43 shares (208 x 21) /100 = 43,68, 0.68 share will be removed.
- The plan to handle shares that are not fully subscribed: In case the shares are not fully distributed as expected because the existing shareholders do not exercise the right to buy (if any), the General Meeting has authorized the Board of Directors to:
+ Option to sell to other investors at a selling price not lower than the offering price to existing shareholders;
+ In case the ownership ratio of shareholders continued to be distributed by the Board of Directors reaches or exceeds the ownership ratio as prescribed in Clause 1, Article 35 of the Securities Law No. 54/2019/QH14, the procedures for a tender offer will not be carried out;
+ The remaining shares that have not been fully distributed to existing shareholders when offered for sale to other entities under this plan will be restricted from being transferred for a period of one year from the date of completion of the offering in accordance with the law;
+ In the case of expiration of the time limit for distribution of shares as prescribed by law (including the extended period, if any), if there are still undistributed shares, these undistributed shares will be cancelled and the Board of Directors decide to close the offering.
- Regulations on rights transfer:
+ Time period for right transfer: from 16/01/2024 to 21/02/2024
+ Right can be transferred once only.
+ Existing shareholders as domestic investors may not transfer the right to other foreign investors, but may transfer the right to other domestic investors.
- Regulations on subscription:
+ Time period for subscription and payment: from 16/01/2024 to 21/02/2024
+ Subscribed shares: freely transferable shares
- 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 Office in Ho Chi Minh City Vietnam Joint Stock Commercial Bank (62A Cach Mang Thang 8, Vo Thi Sau Ward, District 3, Ho Chi Minh City) on weekdays from 8:30 am to 16:00 and transfer cash to blockade account
- Information on blockade account for subscription:
+ Account holder: NH TMCP VIET NAM THUONG TIN (VIETBANK)
+ Account number: 1029958509
+ Account opening place: Vietcombank Dong Saigon Branch - Ho Chi Minh City
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, 11/01/2024.
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: Share of Vietnam Thuong Tin Commercial Joint Stock Bank
- Record date: 09/01/2024
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: 11/01/2024 at 10:30am
- Time period for right transfer: from 16/01/2024 to 21/02/2024.
- Time period for subscription and payment: from 16/01/2024 to 28/02/2024.
- Deadline for members' submission of subscription list and making relevant payment to VSD: 01/03/2024
- Account for cash transferring:
+ Account number:11900 78737
+ Account name: Viet Nam Securities Depository and Clearing Corporation – Hochiminh Branch
+ At the bank: Bank for Investment and Development of Vietnam – Nam Ky Khoi Nghia Branch.
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43,042|6,077
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6
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3,240
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799
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37
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9,297,988