Download PSL_2016.04.28_Annual_General_Mandate_2016

PSL: Annual General Mandate 2016
On 22/04/2016, Phu Son Livestock Joint Stock Company announced the Annual
General Mandate 2016 as follows:
Article 1: Approve the operation result statement 2015 as follows:
- Total revenue: 241,255 million dongs
- Before tax profit: 63,231 million dongs
- After tax profit: 53,188 million dongs
Article 2: Approve the operation plan of 2016 as follows:
- Total revenue: 216,000 million dongs
- Main products:
 Seed pig: 1,240 tons
 Sold pig: 2,500 tons
- Profit: 30,000 million dongs
- Rate of after tax profit / equity: 14.83%
Authorize Board of Directors to implement the operation plan 2016.
Article 3: Approve the statement of Board of Directors
Article 4: Approve the statement of Supervisory Board
Article 5: Approve the draft of modified Charter according to the Enterprise Law
2014
Article 6: Approve the profit distribution plan and dividend payment plan of 2015
After tax profit: 53,188,090,851 dongs, distributed as follows:
 Provision for charter capital: None
 Bonus and welfare fund: 13% of after tax profit
 Bonus for Management Board: 1.5% of after tax profit
 Dividend: 100% of charter capital
 Development investment fund: the remaining after tax profit
Total distributed after tax profit 0f 2015: 53,188,090,851 dongs
Article 7: Approve the plan on issuing share to pay for dividend of existing
shareholders to increase charter capital, according to the Statement issued on
22/04/2016:
 Name of share: share of Phu Son Livestock Joint Stock Company
 Stock code: PSL
 Stock type: common share
 Par value: 10,000 dongs
 Charter capital before issuance: 45,000,000,000 dongs
 Volume of Outstanding shares: 4,500,000 shares
 Volume of treasury shares: 0
 Rate of dividend payment in share: 50%
 Volume of share issued: 2,250,000 shares
 Total value issued: 22,500,000,000 dongs
 Charter capital after issuance: 67,500,000,000 dongs
 Issuance method: issue share to pay dividend of 2015
 Buyers: existing shareholders in the list at the record date
 Capital resource of the issuance: after tax profit in the audited financial
statement of 2015
 Target of the issuance: increase charter capital
 Rate of issuance: 2:1
 Plan on dealing with fractional share: rounded down to unit column,
decimal fractional share will be distribute to Union of Phu Son Livestock
Joint Stock Company
 Plan on using the proceed of issuance: supplement the operation capital
in period 2016 – 2020
 Time of issuance: in 2016
 Transference restriction: not restricted
 Transacting registration: all issued shares will be registered additionally at
the Vietnam Securities Depository and listed in the UPCOM transacting
floor.
Article 8: Approve the plan on distributing after tax profit and paying dividend of
2016:
1. Rate of funds deduction:
 Bonus and welfare fund: 10%, not over 13% if the profit is higher than the
plan
 Bonus for Management Board: None, 1.5% if profit is higher than the plan
2. Dividend payment and Development investment fund Deduction:
 Dividend: 15% of charter capital
 Development investment fund: the remaining after tax profit
Article 9: Approve the wage, bonus and operation expense of Board of Directors,
Supervisory Board and Secretary; the salary of Chief of Supervisory Board of
2016:
- Chairman:
4,000,000 dongs/month
- Deputy chairman:
3,000,000 dongs/month
- Member of Board of Directors: 2,400,000 dongs/month
- Member of Supervisory Board: 2,000,000 dongs/month
- Secretary:
2,000,000 dongs/month
- Salary of Chief of Supervisory Board: 21,000,000 dongs/month
- Operation expense: 90,000,000 dongs/month
Article 10: Approve choosing auditing company of 2016
Article 11:
1. This Mandate take effect from the date of approval
2. Board of Directors, Supervisory Board, Management Board and
shareholders of Phu Son Livestock Joint Stock Company are responsible
for implementing this Mandate.