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FRT: BOD approves to plan stock issuance to pay dividend for 2018

Jul 11th at 15:07
11-07-2019 15:07:10+07:00

FRT: BOD approves to plan stock issuance to pay dividend for 2018

On July 10, 2019, the Board of Directors of FPT Digital Retail Joint Stock Company approved to issue shares for 2018 dividend payment to shareholders as follows:

-       Number of shares expected to be issued: 10,302,000 shares

-       Total value (based on par value): VND103,020,000,000

-       Expected charter capital after the issuance: VND789,820,000,000

-      Issue ratio:  100:15 (shareholder who owns 01 share will receive 01 right, and with every 100 rights will be entitled to receive 15 new shares.)

-       Time of implementation: Q3.2019

-      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 102 shares. With 15% performing ratio, the shareholder A will receive: 102 * 15/100 = 15.3 shares. According to rounding policy, the shareholder A receives 15 new shares. The fractional shares of 0.3 will be cancelled.

 

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