CTF: BOD approved to issue shares for dividend payment

CTF: BOD approved to issue shares for dividend payment

The Board resolution dated September 09, 2020, the BOD of City Auto Corporation approved the plan to issue shares for dividend payment with the following details:

-          Stock name: City Auto Corporation

-          Stock code: CTF

-          Stock type: common share

-          Par value: VND 10,000/share

-          Number of outstanding shares: 45,539,968 shares

-          Number of shares expected to be issued: 4,098,597 shares

-          Total value: VND 40,985,971,200

-          Issue ratio: 9% (Shareholder who owns 100 shares will receive 09 new shares).

-          Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will not be restricted transfer.

-          For example: at the record date, shareholder A owned 109 shares. With 9% performing ratio, the shareholder A will receive: 109 *9/100 = 9.81 shares. According to rounding policy, the shareholder A receives 09 new shares and fractional shares of 0.81 will be cancelled.

-          Time of implementation: after being approved by the State Securities Commission of Vietnam (SSC).

-          These shares will be freely transferred.

HOSE