The Board resolution dated October 26, 2021, the BOD of City Auto Corporation approved the plan to pay stock dividend for 2019 with details as follows:
- Stock name: City Auto Corporation
- Stock type: common share
- Stock code: CTF
- Par value: VND10,000/share
- Number of outstanding shares: 68,300,000 shares
- Number of shares expected to be issued: 4,098,000 shares
- Total value of issuance (at par value): 40,980,000,000 dongs
- Issuance ratio: 6%
- Exercise ratio: 100:6 (Those who own 100 shares will receive 06 new shares.)
- Charter capital after the issuance: VND723,980,000,000
- Issuance form: to issue shares for 2019 dividend payment.
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owned 109 shares. With 100:6 performing ratio, the shareholder A will receive: 109*6/100 =6.54 shares. According to rounding policy, the shareholder A receives 06 new shares and the fractional shares of 0.54 will be cancelled.
- Time of implementation: Quarter 4/2021 after being approved by the State Securities Commission of Vietnam (SSC).
- Transfer restriction: none