On January 18, 2022, CMC Corporation announces the stock issuance to pay dividend as follows:
- Stock name: CMC Corporation
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 99,999,866 shares
- Number of outstanding shares: 99,999,866 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 8,999,987 shares
- Total value (based on par value): 89,999,870,000 dongs
- Issuing ratio: 100:9 (Shareholder who owns 100 shares will receive 09 new shares).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: at the record date, shareholder A owned 1,010 shares. With 9% performing ratio, the shareholder A will receive: 100*9/100 = 90.9 shares. According to rounding policy, the shareholder A receives 90 new shares and fractional shares of 0.9 will be cancelled.
- Record date: February 11, 2022.