ABS: BOD approved to issue shares for dividend payment
The Board resolution dated July 11, 2020, the BOD of Binh Thuan Agriculture Services JSC approved the following issues:
1) Approving the stock issuance to pay dividend for 2019:
- Issue volume: 7,200,000 shares (equivalent to 25% number of outstanding shares)
- Par value: VND 10,000
- Total value (based on par value): VND 72,000,000,000
- Issue ratio: 10:2.5 (shareholder who owns 01 share will receive 2.5 new shares).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- Time of implementation: expected in Q3.2020.
2) Approving the dossier of stock issuance to pay dividend:
- Report on the stock issuance to pay dividend;
- Business Registration Certificate;
- Organization and Operation Charter;
- Audited financial statements in 2019;
- Financial statements in Quarter 1/2020.
- Resolution on the Annual General Meeting 2020;
- The Board resolution approved to carry out stock issuance and the issuance documents;
- Other documents.