On September 04, 2018, the Board of Directors of Hong Ha Son La Processing Agricultural Product Joint Stock Company approved the record date for 2016 – 2017 stock dividend payment as follows:
- Record date: September 20, 2018
- Purpose: to pay stock dividend for 2016 – 2017
- Exercise ratio: 25% (4:1) (Shareholders are entitled to have 01 new share for every 04 shares owned.)
- Expected issue volume: 3,150,000 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 50 shares. With 25% performing ratio, the shareholder A will receive: 50 * 25% = 12.5 shares. According to rounding policy, the shareholder A receives 12 new shares. The fractional shares of 0.5 will be cancelled.
- Time of implementation: October 2018.