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.