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LCG: Resolution on the distribution of unsold shares
HSX - 3/12/2020 4:36:00 PM
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LICOGI 16 Joint Stock Company (LCG) announces the Board resolution dated March 11, 2020 as follows:

1. The Board of Directors approved the result of stock issuance to the existing shareholders as follows:

-       Number of shares registered to offer: 29,399,898 shares\

-       Exercise ratio: 10:3 (shareholder who owns 01 share will receive 01 right, and with every 10 rights will be entitled to purchase 03 new shares).

-       Number of shares subscribed and paid: 2,407 shares; Of which:

  • The number of shares that shareholders have been deposited: 2,407 shares;
  • The number of shares that shareholders have not been deposited: 0 share.

-       Total value of offering: VND 24,070,000

-       Number of undistributed shares: 29,397,491 shares

2. The Board of Directors approved to handle the number of undistributed shares that shareholders did not exercise the purchase rights as follows:

-       The number of remaining undistributed shares of 29,397,491 shares will be cancelled due to shareholders did not exercise the purchase rights.

-       The company will use other funds to contribute capital in Dien Phuoc Service – Trading – Construction Com Ltd to implement Dien Phuoc land project.

 

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