GEX: Resolution on the issue of share for the exercise of warrants
GEX: Resolution on the issue of share for the exercise of warrants
Viet Nam Electrical Equipment Joint Stock Corporation (code: GEX) announces the Board resolution dated May 14, 2018 as follows:
1) The Board of Directors approved to divide the exercise of warrants into two phases with the following warrants:
- Phase 1: to exercise 1,440 warrants
- Phase 2: to exercise the remaining warrants.
2) The Board of Directors approved to issue shares for the first phase of exercise of warrants:
- Number of outstanding warrants: 1,800 warrants
- Number of warrants to be executed in the first phase: 1,440 warrants
- Name of stock: Stock of Viet Nam Electrical Equipment Joint Stock Corporation
- Issue ratio: 50,000 shares/ 01 warrant
- Maximum number of shares expected to be issued: 72,000,000 shares
- Stock type: common, freely-transferable shares
- Par value: VND10,000/share
- Issue price: VND16,600/share
- Bank for blocking depository money for the first phase:
- Account holder: Viet Nam Electrical Equipment Joint Stock Corporation
- Account number: 1201 000000 9694
- Bank: BIDV – Head Office 1 Branch.
- Record date for the exercise of warrants (Phase 1): June 04, 2018
- Time to register and pay to purchase shares: from 8:00, June 05, 2018 to 17:00, June 26, 2018.
HOSE