NKG: Right Issue; Bonus share due to raising share capital from owner’s equity

Viet Nam Securities Depository and Clearing Corporation (VSDC) - Hochiminh Branch would like to announce the record date as follows:

1. Right Issue
+ Right code: MIRNKG241
+ ISIN code: VNMIRNKG2410
(Effective date of code allocation: 31/12/2024; effective date of code cancellation: 05/02/2025.)        
+ Planned quantity of issued shares: 131,638,903 shares
+ Issue price: 12,000 VND/share
+ Execution rate: 2:1 (shareholders are entitled to 1 right for each share that they own and to buy 1 new share for every 2 rights).
- Principle of rounding, handling fractional shares and unsubscribed shares (if any): 
+ Principle of rounding: the number of shares offered to existing shareholders will be rounded down to the whole number.
+ Principle for handling fractional shares, unsubscribed shares (if any):
Under the authorization of the General Meeting, the Board of Directors (BOD) shall continue to offer the fractional shares and the shares offered to existing shareholders who have not fully purchased and/or have refused to purchase, and/or have not paid for the shares upon the due date for payment to other parties (which may include existing shareholders) at a price not lower than that offered to existing shareholders.
The distribution of unoffered shares to other investors must comply with the provisions of Article 195 of the Law on Enterprises and Article 42 of Decree 155/2020/ND-CP dated 31/12/2020.
In case the time limit for distributing shares as prescribed by law (including the extension period, if any) has expired but the offered shares have not been fully distributed, these shares will be cancelled and the BOD will end the offering.
If the offering is successful, all unoffered shares mentioned above will be restricted from transfer for a period of 1 year from the closing date of the offering.
- For example: Shareholder A owns 21 shares on the record date of shareholders exercising the right to purchase additional issued shares. Shareholder A is entitled to purchase (21 x 1):2 = 10.5 shares. After rounding down, the number of shares purchased by shareholder A is 10 shares.
To ensure that the offering meets the maximum foreign ownership ratio of 50% at the Company, the BOD commits as follows:
+ For the transfer of rights: on the record date, the Company will determine the maximum transfer ratio of existing shareholders to ensure that the foreign ownership ratio after the right transfer not exceed 50% as prescribed. The Company will notify shareholders, VSDC and competent authorities to ensure compliance with the commitment.
+ For the remaining shares that have not been fully distributed, the BOD commits not to distribute shares to foreign investors if they violate the maximum foreign ownership ratio at the Company.
- Regulations on rights transfer:
+ Time for transfer of right issue: From 31/12/2024 to 15/01/2025.
• The number of shares issued to existing shareholders are common shares with no transfer restriction from the date of distribution.
• Existing shareholders are allowed to transfer one time only to other parties. The transferor and transferee shall negotiate the transfer price, pay the money and be responsible for performing the obligations prescribed in relation to the transfer.
- Regulations on purchased securities:
+ Time for subscription and payment: From 31/12/2024 to 24/01/2025.
+ Purchased securities 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 at NamKim Steel Joint Stock Company, Lot A1, Road D2, Dong An 2 industrial zone, Hoa Phu ward, Thu Dau Mot city, Binh Duong city on working days. ID cards have to be presented. Subscription payment is made to blockade account.
- Information on blockade account for subscription:
+ Account holder: NamKim Steel Joint Stock Company
+ Account number: 8620.029.542
+ Account opening place: BIDV – Phu Nhuan Branch.
2. Bonus share due to raising share capital from owner’s equity
- Execution rate: 100:20 (Shareholders are entitled to receive 20 new shares for every 100 shares they own)
- Principle of rounding and handling fractional shares: The number of shares for shareholders will be rounded down to the whole number. The fractional shares will be removed
Example: At record date, shareholder A who owns 101 shares is entitled to receive (101 x 20):100= 20.2 shares. According to the rounding principle, he will actually receive 20 new shares, the 0.2 fractional shares will be removed.
- Payment place:
+ The holders whose shares have been deposited will receive shares at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will receive shares at NamKim Steel Joint Stock Company, Lot A1, Road D2, Dong An 2 industrial zone, Hoa Phu ward, Thu Dau Mot city, Binh Duong province. ID cards have to be presented