On November 01, 2022, the BOD of AgriBank Securities Corporation approved the implementation of the plan to issue shares for capital increase from the owner' equity with details as follows:
- Stock name: AgriBank Securities Corporation
- Stock code: AGR
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND2,120,000,000,000
- Number of shares issued: 212,000,000 shares
- Number of outstanding shares: 211,999,953 shares
- Number of treasury shares: 47 shares
- Number of shares expected to be issued: 3,396,309 shares
- Total value of issue (at par value): VND33,963,090,000
- Expected stock volume after the issuance: 215,396,309 shares
- Estimated charter capital after the issuance: VND2.153.963.090.000
- Exercise ratio: 100,000:1,602 (1.602%) (Those who own 100,000 shares will receive 1,602 new shares)
- Time of implementation: expected in Quarter IV/2022
- 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 257 shares. With 100,000:1,602 exercise ratio, the shareholder A will receive: 257 *1,062/100,000 = 4.117 shares. According to rounding policy, the shareholder A will receive 04 new shares and the fractional shares of 0.117 share will be cancelled.