On March 12, 2020, the Board of Directors of DABACO Group approved the following issues:
Article 1: Approving to implement the dividend payment plans:
1. To issue shares to pay additional dividends for 2018:
- Payment ratio: 5%/par value, or 20:1 (Those own 01 share on the record date will receive 01 right, and with every 20 rights will receive 01 new share)
- Estimated issue volume: 4,554,991 shares
- Par value: VND10,000/share
- Total estimated issue value: VND45,549,910,000
- Financial resource: the undistributed after-tax profit
- Plan to deal with fractional shares: the number of shares distributed to each shareholder will be rounded down to units. The fractional share (if any) will be cancelled.
- Issue date: in Quarter I or II/2020
- Transfer restriction: none
2. To make the dividend payment for 2019:
- Payment ratio: 15%/par value
- Payment method: 5% in cash and 10% in stock
Of which:
- 5% in cash: VND500 for a share
- 10% in stock: equivalent to 10:1 (Those own 01 share on the record date will receive 01 right, and with every 10 rights will receive 01 new share)
- Estimated issue volume: 9,109,982 shares
- Par value: VND10,000/share
- Total estimated issue value: VND91,099,820,000
- Financial resource: the undistributed after-tax profit
- Plan to deal with fractional shares: the number of shares distributed to each shareholder will be rounded down to units. The fractional share (if any) will be cancelled.
- Issue date: in Quarter I or II/2020
- Transfer restriction: none
Article 2: Approving a record date to convene the 2020 Annual General Meeting:
- Exercise ratio: 01 share – 01 voting right
- Meeting date: in April 2020
- Meeting venue: will be notified later.