On December 28, 2021, the Hochiminh Stock Exchange issued Announcement No.2221/TB-SGDHCM about the record date of Petrolimex Insurance Corporation as follows:
- Ex-right date: March 24, 2022
- Record date: March 25, 2022
- Reason & Purpose: to issue shares for increasing capital from the owner’s equity.
- Content:
- Exercise ratio: 100:25 (shareholder who owns 100 shares will receive 25 new shares.)
- Expected issue volume: 22,179,443 shares
- Plan to deal with fractional shares: The distributed shares will be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: at the record date, shareholder A owned 110 shares. With 100:25 performing ratio, the shareholder A will receive: 110 *25/100 =27.5 shares. According to rounding policy, the shareholder A receives 27 new shares and fractional shares of 0.5 will be cancelled.
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Petrolimex Insurance Corporation.