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PGI: Record date for stock issuance to raise capital
HOSE - 3/18/2022 5:45:00 PM
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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

  1. Reason & Purpose: to issue shares for increasing capital from the owner’s equity.
  2. 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.

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