Tien Son Thanh Hoa Joint Stock Company announces the information on stock issuance to pay dividend to existing shareholders with details as follows:
- Stock name: Tien Son Thanh Hoa Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 34,800,000 shares
- Number of outstanding shares: 34,800,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 4,002,000 shares
- Total value of issuance (at par value): VND40,020,000,000
- Exercise ratio: 10:1.15 (Those who own 01 share will receive 01 right, and with every 10 rights will be entitled 1.15 new shares).
- 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 owns 2,222 shares. With 11.5% performing ratio, the shareholder A will receive: 2,222 *1.15/10 =255.53 shares. According to rounding policy, the shareholder A will receive 255 new shares.
- Record date: October 15, 2021.