MIG: Right Issue
Date update 29/11/2024 - 18:12:08
Viet Nam securities depository and clearing corproration (VSDC) would like to announce the record date as follows:
Issuser's name:
Military Insurance Corporation
Securities name:
Shares of Military Insurance Corporation
Securities code:
MIG
ISIN:
VN000000MIG9
Par value:
10,000 VND
Trading Platform:
HOSE
Securities type:
Common shares
Record date:
10/12/2024
Reason:
Right Issue
+ Right code: MIRMIG241
+ ISIN code: VNMIRMIG2415
(Effective date of code allocation: 18/12/2024; effective date of code cancellation: 13/01/2025)
+ Planned quantity of issued shares: 25,900,875 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 100:15 (shareholders are entitled to 1 right for each share that they own and to buy 15 new shares for every 100 rights).
- Principle of rounding, handling fractional shares and unsubscribed shares (if any):
+Principle of rounding: for the fractional shares (if any) arising when shareholders exercise their rights, to ensure that the number of shares issued does not exceed the number offered for sale, the number of shares that shareholders can purchase will be rounded down to the whole number.
+ Principle for handling fractional shares, plan for handling shares that are not fully purchased:
§ The remaining shares that have not been fully distributed (hereinafter referred to as the remaining shares) include:
(1) The number of fractional shares arising due to rounding;
(2) The number of shares that are different from the total number of shares requested for issuance and the total number of shares actually issued with the right execusion rate of 100:15 (if any).
(3) The number of shares that shareholders do not exercise their right to purchase in full or only exercise their right to purchase in part or do not make payment for the purchase within the prescribed time limit.
§ Principle to handle the remaining shares:
· The Board of Directors approves the offering of the remaining shares to other investors in need (including existing shareholders) at an offering price of 10,000VND/share, equal to the offering price to existing shareholders to ensure the issuance of all offered shares.
The Board of Directors determines the criteria for selecting other investors (including existing shareholders) to offer the remaining shares. At the same time, the Board of Directors searches for and selects a list of these investors, the number of shares issued to each investor and other related contents, to ensure the issuance of all offered shares in accordance with prevailing laws.
· The remaining undistributed shares mentioned above when offered for sale will be restricted from transfer within 01 year from the end date of the offering.
· In case the deadline for distributing shares expires according to the provisions of law (including the extension period, if any) but the shares have not been fully distributed, the Board of Directors shall consider, decide and implement the contents to end the issuance, in accordance with the provisions of law.
· The distribution of remaining shares not fully offered for sale must satisfy the conditions under the 2020 Enterprise Law, the 2019 Securities Law, Decree 155/2020/ND-CP issued by the Government on 31/12/2020 and relevant legal regulations, including but not limited to the following conditions:
* Comply with the provisions of Clause 2, Article 195 of 2020 Enterprise Law: “Subsidiaries are not allowed to invest in buying shares or contribute capital to the parent company. Subsidiaries of the same parent company are not allowed to simultaneously contribute capital or buy shares to cross-own each other.”
* Ensure the conditions for offering as prescribed in Article 42 of Decree No. 155/2020/ND-CP issued by the Government on 31/12/2020 detailing the implementation of a number of articles of the Securities Law and other conditions as prescribed by prevailing laws.
- For example: Shareholder A owns 12,345 shares on the record date of shareholders exercising the right to purchase additional issued shares. Shareholder A has 12,345 rights to purchase and is entitled to purchase 12,345*15/100=1,851.75 shares. After rounding down, the number of shares purchased by shareholder A is 1,851 shares. The number of odd shares arising is 0.75 shares. Hence, a shareholder owning 12,345 shares will be entitled to purchase 1,851 additional shares.
- Regulations on rights transfer:
+ Time for transfer of right issue: From 18/12/2024 to 30/12/2024.
+ Purchase rights can be transferred once.
- Regulations on purchased securities:
+ Time for subscription and payment: From 18/12/2024 to 08/01/2025.
+ Purchased securities 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 Company's head office: 5th-6th Floor, MB Building, 21 Cat Linh, Cat Linh Ward, Dong Da District, Hanoi City.
- Information on blockade account for subscription:
+ Account holder: Military Insurance Corporation
+ Account number: 1250927126
+ Account opening place: BIDV – Dong Do 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 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, VSD's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 12/12/2024.
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs by VSDC tobe 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 03 working days from the date on the notice.
SCHEDULE FOR EXECUTION OF RIGHT ISSUE OF MIG SHARES
- Security name: share of Military Insurance Corporation
- Record date: 10/12/2024
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30am on 12/12/2024
- Time period for right transfer: from 18/12/2024 to 08/01/2025
- Time period for subscription: from 05/02/2024 to 27/02/2024
- Deadline for members' submission of subscription list and making relevant payment to VSDC: 10/01/2025.
- 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.
+ ISIN code: VNMIRMIG2415
(Effective date of code allocation: 18/12/2024; effective date of code cancellation: 13/01/2025)
+ Planned quantity of issued shares: 25,900,875 shares
+ Issue price: 10,000 VND/share
+ Execution rate: 100:15 (shareholders are entitled to 1 right for each share that they own and to buy 15 new shares for every 100 rights).
- Principle of rounding, handling fractional shares and unsubscribed shares (if any):
+Principle of rounding: for the fractional shares (if any) arising when shareholders exercise their rights, to ensure that the number of shares issued does not exceed the number offered for sale, the number of shares that shareholders can purchase will be rounded down to the whole number.
+ Principle for handling fractional shares, plan for handling shares that are not fully purchased:
§ The remaining shares that have not been fully distributed (hereinafter referred to as the remaining shares) include:
(1) The number of fractional shares arising due to rounding;
(2) The number of shares that are different from the total number of shares requested for issuance and the total number of shares actually issued with the right execusion rate of 100:15 (if any).
(3) The number of shares that shareholders do not exercise their right to purchase in full or only exercise their right to purchase in part or do not make payment for the purchase within the prescribed time limit.
§ Principle to handle the remaining shares:
· The Board of Directors approves the offering of the remaining shares to other investors in need (including existing shareholders) at an offering price of 10,000VND/share, equal to the offering price to existing shareholders to ensure the issuance of all offered shares.
The Board of Directors determines the criteria for selecting other investors (including existing shareholders) to offer the remaining shares. At the same time, the Board of Directors searches for and selects a list of these investors, the number of shares issued to each investor and other related contents, to ensure the issuance of all offered shares in accordance with prevailing laws.
· The remaining undistributed shares mentioned above when offered for sale will be restricted from transfer within 01 year from the end date of the offering.
· In case the deadline for distributing shares expires according to the provisions of law (including the extension period, if any) but the shares have not been fully distributed, the Board of Directors shall consider, decide and implement the contents to end the issuance, in accordance with the provisions of law.
· The distribution of remaining shares not fully offered for sale must satisfy the conditions under the 2020 Enterprise Law, the 2019 Securities Law, Decree 155/2020/ND-CP issued by the Government on 31/12/2020 and relevant legal regulations, including but not limited to the following conditions:
* Comply with the provisions of Clause 2, Article 195 of 2020 Enterprise Law: “Subsidiaries are not allowed to invest in buying shares or contribute capital to the parent company. Subsidiaries of the same parent company are not allowed to simultaneously contribute capital or buy shares to cross-own each other.”
* Ensure the conditions for offering as prescribed in Article 42 of Decree No. 155/2020/ND-CP issued by the Government on 31/12/2020 detailing the implementation of a number of articles of the Securities Law and other conditions as prescribed by prevailing laws.
- For example: Shareholder A owns 12,345 shares on the record date of shareholders exercising the right to purchase additional issued shares. Shareholder A has 12,345 rights to purchase and is entitled to purchase 12,345*15/100=1,851.75 shares. After rounding down, the number of shares purchased by shareholder A is 1,851 shares. The number of odd shares arising is 0.75 shares. Hence, a shareholder owning 12,345 shares will be entitled to purchase 1,851 additional shares.
- Regulations on rights transfer:
+ Time for transfer of right issue: From 18/12/2024 to 30/12/2024.
+ Purchase rights can be transferred once.
- Regulations on purchased securities:
+ Time for subscription and payment: From 18/12/2024 to 08/01/2025.
+ Purchased securities 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 Company's head office: 5th-6th Floor, MB Building, 21 Cat Linh, Cat Linh Ward, Dong Da District, Hanoi City.
- Information on blockade account for subscription:
+ Account holder: Military Insurance Corporation
+ Account number: 1250927126
+ Account opening place: BIDV – Dong Do 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 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, VSD's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 12/12/2024.
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs by VSDC tobe 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 03 working days from the date on the notice.
SCHEDULE FOR EXECUTION OF RIGHT ISSUE OF MIG SHARES
- Security name: share of Military Insurance Corporation
- Record date: 10/12/2024
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10.30am on 12/12/2024
- Time period for right transfer: from 18/12/2024 to 08/01/2025
- Time period for subscription: from 05/02/2024 to 27/02/2024
- Deadline for members' submission of subscription list and making relevant payment to VSDC: 10/01/2025.
- 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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