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On November 20, 2018, City Auto Corporation announces the record date for implementing rights to buy shares as follows:
- Record date: December 04, 2018
- Expected issue volume: 21,600,000 shares
- Issue price: VND10,000/share
- Exercise ratio: 1:1.2 (shareholder who owns 100 shares will receive 100 rights, and with every 100 rights will be entitled to purchase 120 new shares.)
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- Plan to deal with fractional shares: The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares and the shares refused to buy (if any) will be decided by the Board of Directors
- For example: At the record date, shareholder A owned 18 shares. With 1:1.2 performing ratio, the shareholder A will receive: 18 * 1.2 = 21.6 shares. According to rounding policy, the shareholder A receives 21 new shares. The fractional shares of 0.4 shares.
- Regulation on rights transfer:
+ Time for rights transference: from December 12, 2018 to January 03, 2019
+ The rights should be transferred only once.
- Regulation on securities purchased:
+ Time for subscription and deposit: from December 12, 2018 to January 07, 2019
+ The new shares are freely transferable.
- Place to receive subscription:
+ Shareholders whose shares have been deposited: at the securities firms where shares have been deposited.
+ Shareholders whose shares have not been deposited: at City Auto Corporation.
- Bank for blocking depository money:
+ Account holder: City Auto Corporation
+ Account number: 1012075064
+ Bank: Saigon – Hanoi Commercial Joint Stock Bank – Ha Noi Branch.