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FRT: BOD approves to plan stock issuance to pay dividend for 2018
HSX - 7/11/2019 3:08:00 PM
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On July 10, 2019, the Board of Directors of FPT Digital Retail Joint Stock Company approved to issue shares for 2018 dividend payment to shareholders as follows:

-       Number of shares expected to be issued: 10,302,000 shares

-       Total value (based on par value): VND103,020,000,000

-       Expected charter capital after the issuance: VND789,820,000,000

-      Issue ratio:  100:15 (shareholder who owns 01 share will receive 01 right, and with every 100 rights will be entitled to receive 15 new shares.)

-       Time of implementation: 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 102 shares. With 15% performing ratio, the shareholder A will receive: 102 * 15/100 = 15.3 shares. According to rounding policy, the shareholder A receives 15 new shares. The fractional shares of 0.3 will be cancelled.

 

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