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HII: BOD approved to issue shares for 2019 dividend payment
HOSE - 8/24/2020 4:27:00 PM
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The Board resolution dated August 21, 2020, the BOD of An Tien Industries Joint Stock Company approved the plan to issue shares for 2019 dividend payment with the following plans:

-          Stock name: An Tien Industries Joint Stock Company

-          Stock code: HII

-          Stock type: common share

-          Par value: 10,000 dongs/share

-          Number of shares expected to be issued: 4,177,500 shares

-          Purpose: to pay stock dividend for 2019

-          Issue ratio: 100:15 (shareholder who owns 100 shares will receive 15 new shares)

-          Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be decided by the Board of Directors to distribute other investors.

-          For example: at the record date, shareholder A owned 2,222 shares. With 100:15 performing ratio, the shareholder A will receive: 2,222 *15/100 = 333.3 shares. According to rounding policy, the shareholder A receives 333 new shares and fractional shares of 0.3 will be cancelled.

-          Transfer restriction: none

-          Time of implementation: expected in Q3.2020 after being approved the State Securities Commission of Vietnam (SSC).

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