The Board of Directors of Transimex Corporation approved to plan to deal with fractional shares in stock issuance to pay dividend for 2017 as follows:
- The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: At the record date, shareholder A owns 105 shares. With 10% performing ratio, the shareholder A will receive: 105 * 10% = 10.5 shares. According to rounding policy, the shareholder A receives 10 new shares. The fractional shares of 0.5 will be cancelled.