The Board resolution dated May 21, 2019, Nafoods Group Joint Stock Company approved the following issues:
- Approving the stock issuance to pay dividend for 2018:
- Stock name: Nafoods Group Joint Stock Company
- Stock code: NAF
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 36,299,782 shares
- Number of outstanding shares: 36,299,720 shares
- Number of treasury shares: 62 shares
- Number of shares expected to be issued: 5,444,958 shares
- Total value (based on par value): VND54,449,580,000
- Exercise ratio: 100:15, equivalent to 21%/par value (shareholder who owns 100 shares will receive 15 new 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 84 shares. With 15% performing ratio, the shareholder A will receive: 84 *15/100 = 12.6 shares. According to rounding policy, the shareholder A receives 12 new shares. The fractional shares of 0.6 will be cancelled.
- Time of implementation: 2019.
2. Approving the stock issuance under ESOP:
- Expected issue volume: 1,814,986 shares
- Total value (based on par value): VND18,149,860,000
- These shares will not be restricted the transfer.
- Time of implementation: 2019.