LDG: Stock issuance to pay dividend
On April 23, 2019, LDG Investment Joint Stock Company announces the stock issuance to pay dividend to existing shareholders as follows:
- Stock name: LDG Investment Joint Stock Company
- Stock code: LDG
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 190,614,454 shares
- Number of outstanding shares: 190,551,914 shares
- Number of treasury shares: 62,540 shares
- Number of shares expected to be issued: 47,637,978 shares
- Total value (based on par value): VND476,379,780,000
- Issuing ratio: 4:1, equivalent to 25% (shareholder who owns 01 share will receive 01 right, and with every 04 rights will be entitled to purchase 01 new share.)
- Record date: May 10, 2019
- 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 314 shares. With 1000:250 performing ratio, the shareholder A will receive: 314 *25/100 = 78.5 shares. According to rounding policy, the shareholder A receives 78 new shares. The fractional shares of 0.5 will be cancelled.