HPG: Stock issuance for dividend payment

HPG: Stock issuance for dividend payment

On June 03, 2022, Hoa Phat Group Joint Stock Company announces the stock issuance for dividend payment to existing shareholders as follows:

-          Stock name: Hoa Phat Group Joint Stock Company

-          Stock type: common share

-          Par value: 10,000 dongs

-          Number of shares expected to be issued: 1,341,876,811 shares

-          Total value (based on par value): 13,418,768,110,000 dongs

-          Issue ratio: 30% (10:3) (Shareholder who owns 10 shares will receive 03 new shares).

-          Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled.

-          For example: at the record date, shareholder A owns 129 shares. With 30% exercise ratio, the shareholder A will receive: 129 *30/100 = 38.7 shares. According to rounding policy, the shareholder A will receive 38 new shares and the fractional shares of 0.7 share will be cancelled.

-          Estimated execution time: June 2022 or August 2022, after being approved by the State Securities Commission of Vietnam (SSC).

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