NAF: Stock issuance to pay dividend

NAF: Stock issuance to pay dividend

On October 24, 2018, Nafoods Group Joint Stock Company announces the stock issuance to pay dividend for existing shareholders as follows:

-       Stock name: Nafoods Group Joint Stock Company

-       Stock code: NAF

-       Stock type: common share

-       Par value: 10,000 dongs

-       Number of shares issued: 33,000,000 shares

-       Number of outstanding shares: 32,999,938 shares

-       Number of treasury shares: 62 shares

-       Number of shares expected to be issued: 3,299,993 shares

-       Total value (based on par value): VND32,999,930

-       Charter capital after the issuance: VND280,750,430,000

-       Exercise ratio: (10:1) (Shareholder who owns 10 shares will receive 01 new share.)

-       Record date: November 08, 2018

-       Time of implementation: expected in Q4.2018

-       Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.

-       For example: At the record date, shareholder A owned 186 shares. With 10% performing ratio, the shareholder A will receive: 186 * 10/100 = 18.6 shares. According to rounding policy, the shareholder A receives 18 new shares. The fractional shares of 0.6 will be cancelled.

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