On November 26, 2018, the Hochiminh Stock Exchange issued Announcement No.1419/TB-SGDHCM about the record date for implementing rights to issue shares of City Auto Corporation as follows:
- Ex-right date: December 03, 2018
- Record date: December 04, 2018
- Reason & Purpose: to implement the purchase rights.
- Content:
- Exercise ratio: 1:1.2 (shareholder who owns 01 share will receive 01 right, and with every 01 right will be entitled to purchase 1.2 new shares.)
- Expected issue volume: 21,600,000 shares
- Issuing price: 10,000 dongs/share
- How 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, the shareholder A owns 18 shares. With 1:1.2 performing ratio, the shareholder A will purchase: 18 * 1.2 = 21.6 shares. According to rounding policy, the shareholder A purchases 21 new shares. The fractional shares of 0.6 will be decided by the Board of Directors.
- 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: Sai Gon Ha Noi Commercial Joint Stock Bank – Ha Noi Branch.