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HSG: BOD approves to pay stock dividend for the FY 2018-2019
HSX - 2/21/2020 3:04:00 PM
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    The Board resolution dated February 19, 2020, the Board of Directors of Hoa Sen Group approved the stock dividend payment for the fiscal year financial statements in 2018 – 2019 as follows:

-       Stock name: Hoa Sen Group

-       Stock code: HSG

-       Stock code: common share

-       Par value: VND 10,000/share

-       Exercise ratio: 5% (Shareholder who owns 01 share will receive 01 right, and with every 100 rights will be entitled to have 05 new shares).

-       Record date: expected in April 2020

-       Payment time: expected before June 30, 2020

-       How to deal with fractional shares: The number of newly issued shares will be rounded down and the fractional shares will be cancelled.

-       For example: At the record date, the shareholder A owns 101 shares. With 5% performing ratio, the shareholder A will receive: 101 * 0.5 = 5.05 shares. According to rounding policy, the shareholder A receives 5 new shares. The fractional shares of 0.05 will be cancelled.

-       Expected issue volume: 21,161,179 shares

-       Total value (based on par value): VND 211,611,790,000

-       Number of shares after the issue: 444,384,768 shares.

 

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