The Board resolution dated May 22, 2019, the Board of Directors of Travel Investment and Seafood Development Corporation approved to issue shares for 20188 dividend payment as follows:
- Stock name: Travel Investment and Seafood Development Corporation
- Stock code: DAT
- Stock type: common share, freely transferable
- Par value: VND10,000/share
- Number of outstanding shares: 43,814,920 shares
- Issue ratio: 15%, equivalent to 100:5 (shareholder who owns 100 shares will receive 05 new shares.)
- Expected issue volume: 2,190,746 shares
- Total value (based on par value): VND21,907,460,000
- Time of implementation: Q2.2019 or Q3.2019.
- 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 105 shares. With 5% performing ratio, the shareholder A will receive: 105 *5% = 5.25 shares. According to rounding policy, the shareholder A receives 05 new shares. The fractional shares of 0.25 will be cancelled.