SHI: Board resolution on stock dividend payment

The Board of Directors of Son Ha International Corporation approved a plan for the 2020 dividend payment as follows:

−        Stock name: Stock of Son Ha International Corporation

−        Stock type: common stock

−        Par value: VND10,000/share

−        Total issued volume: 91,425,927 shares

−        Outstanding volume: 91,107,067 shares

−        Treasury shares: 318,860 shares

−        Estimated issue volume: 9,110,706 shares

−        Total issue value: VND91,107,060,000

−        Issue ratio: 10:1 

−        Financial resource: the undistributed profit after tax accumulated until 12/31/2020

−        Issue date: in Quarter 3 of 2021

−        Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.

For example, on the record date, shareholder A owns 512 shares. Shareholder A will receive: 512:100x10 = 51.2 shares. After rounded down, the real number of shares shareholder A receives will be 51 shares. The fractional part (0.2) will be cancelled.

 

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