VLC: Right issue to existing shareholders; Payment of 2022 Cash Dividend

1. Right issue to existing shareholders
- Right code: MIRVLC231
- ISIN code: VNMIRVLC2314
(Effective date of code allocation: 24th July 2023; effective date of code cancellation: 31st August 2023)
- Planned quantity of issued shares: 43,086,543 shares
- Issue price: 14,000 VND
- Execution rate: 25% (shareholders are entitled to 1 right for each share that they own and to buy 25 new shares for every 100 rights).
- Principle of rounding: the number of shares additionally offered to each shareholder will be rounded to the whole number, the fractional shares will be authorized to the Board of Directors (BOD) to decide in accordance with principle of handling fractional shares and unsubscribed shares in case the shareholders refuse to exercise rights or not fully exercise rights.
Example: shareholder A who owns 2,803 shares on the record date is entitled to exercise rights. Shareholder A is entitled to buy 700.75 shares (2,803 x 25 : 100 = 700.75). After rounding down, shareholder A is entitled to buy 700 shares, the 0.75 fractional shares will be decided by the BOD in accordance with principle of handling fractional shares and unsubscribed shares in case the shareholders refuse to exercise rights or not fully exercise rights
- Principle of handling fractional shares and unsubscribed shares
Those undistributed shares will be distributed to shareholders by the BOD as follows:
(i) Selling at the price offered to existing shareholders who register to buy more shares in writing and send request to the Company. Each shareholder is entitled to register to buy additional shares up to the number of additionally offered shares in accordance with execution rate and rounding principle.
(ii) In case there are many shareholders subscribing and the total number of subscribed shares is larger than the number of undistributed shares, the principle of share distribution to each shareholder subscribing more shall be as follows:
(Total number of undistribued shares/Total number of additionally subscribed shares) x Number of additional subscriptions per shareholder
The number of additionally subscribed shares will be rounded down to whole number, the fractional shares will be removed.
Example: The total number of undistributed shares is 2,000,000 shares. There were 55 shareholders register to buy with the total number of  4,500,000 shares. In which, shareholder A in Example 1 registers to buy an additional 700 shares (equal to the maximum number of shares registered to buy more in addition to the number of rights to buy 700 shares registered to buy in Example 1), then shareholder A is entitled to buy more 311.11 shares ((2,000,000/4,500,000) x 700 = 311.11), rounded down to 311 shares, the 0.11 fractional shares will be removed.
- Regulations on rights transfer: rights are not allowed to transfer
- Regulations on subscribed shares:
+ Time period for subscription and payment: from 24th July 2023 to 28th August 2023
+ Subscribed shares are freely transferable/subject to transfer restriction in following cases:
(i) Shares additionally offered to existing shareholders in accordance with execution rate and principle of rounding are not subject to transfer restriction.
(ii) Shares not offered to existing shareholders and decided by the BOD to distribute to other shareholders in accordance with principle of handling fractional shares and unsubscribed shares in case shareholders refuse to exercise rights or exercise a part are subject to transfer restriction within 1 year from the date of offering completion.
+ Cancellation of offering:
(i) The offering is canceled in case the end of the prescribed offering time, VLC fails to successfully offer at least 70% of the total number of shares expected to be offered, equivalent to 30,160,580 shares. - 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 the Issuer, no.519 Minh Khai, Vinh Tuy ward, Hai Ba Trung district, Hanoi
- Information on blockade account for subscription:
+ Account holder: Vietnam Livestock Corporation Joint Stock Company
+ Account number: 060289127227
+ Account opening place: Sacombank - Center Branch
Schedule of processing rights issue by Depository member is detailed in the attached file.
2. Payment of 2022 cash dividend
- Payment rate: 6% (600VND per share)
- Payment time: 20th October 2023