Vietnam Securities Depository and Clearing Corporation News

CC1: Right issue for existing shareholders

Date update 13/01/2022 - 15:37:13

Vietnam Securities Depository (VSD) - Hochiminh Branch would like to announce the record date as follows:

Issuser's name:

Construction Corporation No 1 Joint Stock Company

Securities name:

Share of Construction Corporation No 1 Joint Stock Company

Securities code:

CC1

ISIN:

VN000000CC16

Par value:

10,000 VND

Trading Platform:

UpCOM

Securities type:

Common Share

Record date:

20/01/2022

Reason:

Right issue for existing shareholders

- Right code: MIRCC1221
- ISIN code: VNMIRCC12217
(Effective date of code allocation: 28th January 2022; effective date of code cancellation: 7th March 2022)
- Planned quantity of issued shares: 205,287,613 shares
- Issue price: 10,000 VND/share
- Execution rate: 1:1.8 (shareholders are entitled to 1 right for each share that they own and to buy 1.8 new shares for 1 right)
- Principle of rounding, handling fractional shares: the number of shares received will be rounded down to the unit. The decimal fractional shares will be authorized to the BOD to distribute to other investors as stipulated by prevailing laws. Those shares are not subject to transfer restriction.
Example: On the record date, shareholder A who owns 311 shares is entitled to buy 559.8 shares (311*1.8= 559.8). According to the principle of rounding and handling fractional shares, shareholder A will be entitled to buy 559 new shares, the 0.8 will be distributed by the BOD to other investors as stipulated by laws.
- Handling unsubscribed shares:
+ Step 1: The number of shares that shareholders have not registered to buy or made payment will be redistributed by the Board of Directors to other investors (including other existing shareholders who wish to buy more) at the price not lower than that offered to existing shareholders to ensure full distribution of all issued shares. These shares are subject to transfer restriction within 1 year from the date of completion of offering.
+ Step 2: In case the Board of Directors has distributed to other investors but there are remaining shares, then these shares will be purchased by the underwriting organization as committed in the underwriting service contract at the price not lower than that offered to existing shareholders to ensure the distribution of all issued shares. These shares are not subject to transfer restriction.
- Regulations on rights transfer:
+ Time period for right transfer: from 28th January 2022 to 24th February 2022
+ Right is tranfered once, the transferee cannot transfer the right to a third party.
- Regulations on subscription:
+ Time period for subscription and payment: from 28th January 2022 to 2^nd March 2022
+ Subscribed shares are freely transferable
- Place for implementation:
+ The holders whose shares have been deposited have to make transfer of purchase right, subscription and payment at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will make right transfer, subscription and payment Construction Corporation No 1 Joint Stock Company, 111A Pasteur, Ben Nghe ward, district 1, Hochiminh city and make subscription payment to the blockade account in accordance with guidance by Construction Corporation No 1 Joint Stock Company.
- Information on blockade account for subscription:
+ Account holder: Construction Corporation No 1 Joint Stock Company
+ Account number: 1024440979
+ Account opening place: Vietcombank – Tan Dinh Branch
Schedule for DMs to process right issue with VSD branch is detailed in the attached file.
Depository members (DMs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSD with the information managed by DMs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of shareholders (For DMs who have not completed the connection to VSD’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent to thongbaoxacnhan@vsd.vn). In case of rejection due to data errors, VSD's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 AM, 24th January 2022
If DMs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs and direct account holding members by VSD accurate and confirmed. In case of arising disputes and losses to shareholders, DMs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above shares at DMs within 3 working days from the date on the notice.
SCHEDULE FOR EXECUTION OF RIGHT ISSUE OF SHARES
- Security name: Shares of Construction Corporation No 1 Joint Stock Company
- Record date: 20th January 2022
- Deadline for depository members’ submission of Confirmation of securities owners entitled to right issue: by 10:30 am on 24th January 2022
- Time period for right transfer: from 28th January 2022 to 24th February 2022
- Time period for subscription and payment: from 28th January 2022 to 2^nd March 2022
- Deadline for members' submission of subscription list and making relevant payment to VSD: 4th March 2022
- Account for cash transferring:
+ Account number: 119.10.00.007873.7
+ Account name: Vietnam Securities Depository – Hochiminh Branch
+ At the bank: Bank for Investment and Development of Vietnam – Nam Ky Khoi Nghia Branch.

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