The Board resolution dated January 04, 2022, the BOD of Pha Le Plastics Manufacturing and Technology Joint Stock Company approved the plan for share public offering to existing shareholders with details as follows:
- Stock name: Pha Le Plastics Manufacturing and Technology Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Record date: January 19, 2022
- Expected issue volume: 20,000,000 shares
- Issue price: VND10,000/share
- Exercise ratio: 2:1 (Those who own 01 share will receive 01 right, and with every 02 rights will be entitled to purchase 01 new share).
- Plan for handling fractional shares and unsold shares: the fractional shares will be rounded down to units, the unsold shares (if any) will be decided by the Board of Directors to distribute to other investors with the selling price is not less than the offering price. These shares will be restricted in 01 year from the finish date of the offering.
- For example: At the record date, the shareholder A owns 155 shares. With performing ratio 2:1, the shareholder A will purchase: 155*1/2 = 77.5 shares. According to rounding policy, the shareholder A purchases 77 new shares.
- Regulation on rights transfer:
- Time for rights transference: from January 26, 2022 to February 14, 2022
- The rights should be transferred only once.
- Regulation on securities purchased:
- Time for subscription and deposit: from January 26, 2022 to February 21, 2022.
- 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 Pha Le Plastics Manufacturing and Technology Joint Stock Company.
- Bank for blocking depository money:
- Account holder: Pha Le Plastics Manufacturing and Technology Joint Stock Company
- Account number: 21610000771803
- Bank: BIDV – Dong Da branch.