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 SHA: BOD resolution on planning the 2019 dividend payment
HOSE - 10/5/2020 3:42:00 PM
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The Board resolution dated October 01, 2020, the BOD of Son Ha Sai Gon Join Stock Company approved to carry out the plan to pay dividends for the fiscal year 2019 with the following details:
- To pay cash dividend: 3%.
- To pay stock dividend: 5%
Plan for 2019 stock dividend payment:
- Stock name: Son Ha Sai Gon Join Stock Company
- Stock type: common share, freely transferable
- Expected issue volume: 1,516,856 shares
- Purpose of issuance: to pay stock dividend for 2019 to existing shareholders.
- Time of implementation: Quarter 4/2020, after being approved by the State Securities Commission of Vietnam (SSC).
- Exercise ratio: 100:05 (shareholder who owns 100 shares will receive 05 new shares).
- Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be decided by the BOD to distribute to other shareholders with the selling price of VND 10,000/share.
- For example: At the record date, shareholder A owned 196 shares. With 5% performing ratio, the shareholder A will receive: 196 * 5/100 =9.80 shares. According to rounding policy, the shareholder A receives 09 new shares and fractional shares of 0.80 will be cancelled.
- The new shares are freely transferable
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