SSI: Board Resolution on Capital Increase & Bond Issuance

SSI: Board Resolution on Capital Increase & Bond Issuance

Sai Gon Securities Incorporation announced Board Resolution No.05/2014 dated October 29, 2014 as follows:

Article 1: Approving a plan for capital increase:

The Board of Directors approved a plan to raise the company’s charter capital as follows:

1.       Issuing shares to raise funds from the owner’s capital to shareholders at a ratio of 20%/par value (each shareholder owning 10 shares will receive 02 new shares);

2.       Paying interim dividend in stock from the 2014 profit to shareholders at a ratio of 10%/par value (each shareholder owning 10 shares will receive 01 new shares).

Article 2: Approving a bond issuance:

1.       Type of bond: non-convertible bond, secured or unsecured

2.       Currency unit: VND

3.       Par value: VND500,000,000.

4.       Total issue value: VND1,000 billion – VND1,500 billion

5.       Expected issue price: equal to 100% par value

6.       Bond term: from 01 year to 03 years

7.       Interest: decided by the BOD Chairman.

8.       Interest term: 06 months or 01 year

9.       Bond form: book-entry

10.   Issue method: private placement

Article 3: The Board of Directors approved the business target for 2014:

-          Consolidated before-tax profit for 2014: VND1,050 billion.

Article 4: This resolution takes effect from the date of signing.

HOSE