On August 24, 2020, Binh Thuan Agriculture Services JSC announces the following issues:
1) Stock issuance to raise capital from the owner equity:
- Stock name: Binh Thuan Agriculture Services JSC
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares issued: 28,800,000 shares
- Number of outstanding shares: 28,800,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 7,200,000 shares
- Total value (based on par value): VND 72,000,000,000
- Issue ratio: 25%
- Record date: September 04, 2020
- Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be cancelled.
- For example: at the record date, shareholder A owned 2,222 shares. With 25% performing ratio, the shareholder A will receive: 2,222 * 25/100 = 555.5 shares. According to rounding policy, the shareholder A receives 555 new shares and fractional shares of 0.5 will be cancelled.
2) Stock issuance under ESOP:
- Stock name: Binh Thuan Agriculture Services JSC
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares issued: 28,800,000 shares
- Number of outstanding shares: 28,800,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 1,440,000 shares
- Total value (based on par value): VND 14,400,000,000
- Issue ratio: 5%
- Transfer restriction: none
- Time of implementation: September 09, 2020.