– Basing on ESPP approved by the Annual General Meeting of Shareholders of Gemadept on May 15, 2006.
– Basing on the circular number 18/2007/TT-BTC dated March 13, 2007 of Ministry of Finance to guide the selling and buying shares and some cases of additional share issuance of public companies.
– Basing on the Resolution of Gemadept Board of Management number 226 dated November 16, 2009 on the share issuance of 2009 ESPP.
– Basing on approval of State Securities Commission on December 25, 2009
Gemadept Corporation is proceeding share issuance as per 2009 ESPP as follow:
- Stock name: Share of Gemadept Corporation.
- Stock code: GMD
- Stock type: Common share. This share is limited to transfer within 2 years since the date of issuance, 50% of which will be allowed to transfer each year in the next two consecutive years.
- Par value: VND 10,000 / share
- Volume of share issuance: 712,500 shares (seven hundred and twelve thousand five hundred shares)
Total value (basing on par value): VND 7,125,000,000 (seven billion one hundred and twenty five million Dong) equal to 1.5% of present charter capital. - Stock price: VND 43,000 / share (According to the resolution of The Annual General Meeting of Shareholders, this price is not lower than that of book value at the end of the last preceding year. The price of book value on December 31, 2008 was VND 42,743 / share, calculated on the owner equity of VND 2,030,295,492,231 against the total circulating shares of 47,500,000).
Time for subscription and payment for buying shares: From 15 to 25 January, 2010. Share buyers may either transfer money to Gemadept blocked bank account 625 704 060 025 342 at International Commercial Joint-Stock Bank or pay cash at Gemadept Office.
List of employees to buy shares was approved by The Board of Management, reported to the State Securities Commission and HoChiMinh City Stock Exchange