VHM: Stock issuance to pay dividend
VHM: Stock issuance to pay dividend
On September 28, 2018, Vinhomes Joint Stock Company announces the stock issuance to pay dividend to existing shareholders as follows: - Stock name: Vinhomes Joint Stock Company - Stock code: VHM - Charter capital: VND26,796,115,500,000 - Stock type: common share - Par value: 10,000 dongs - Number of share issued: 2,679,611,550 shares - Number of outstanding shares: 2,679,611,550 shares - Number of treasury shares: 0 share - Number of shares expected to be issued: 669,902,887 shares - Total value (based on par value): VND6,699,028,870,000 - Exercise ratio: 1000:250 (Shareholders are entitled to have 250 new shares for every 1,000 shares owned.) - Record date: October 09, 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 789 shares. With 1000:250 performing ratio, the shareholder A will receive: 789 * 250/1000 = 197.25 shares. According to rounding policy, the shareholder A receives 197 new shares. The fractional shares of 0.25 will be cancelled. |
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