On December 07, 2018, the Hochiminh Stock Exchange issued Announcement No.1485/TB-SGDHCM about the record date Van Phat Hung Corporation as follows:
- Ex-right date: December 17, 2018
- Record date: December 18, 2018
- Reason & purpose: to pay second stock dividend for fiscal year 2017.
- Content:
- Exercise ratio: 100:12 (Shareholders are entitled to have 12 new share for every 100 shares owned).
- Expected issue volume: 9,225,447 shares
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- For example: At the record date, shareholder A owned 303 shares. With 100:12 performing ratio, the shareholder A will receive: 303 * 12/100 = 36.36 shares. According to rounding policy, the shareholder A receives 36 new shares. The fractional shares of 0.36 will be cancelled.
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Van Phat Hung Corporation.