The Board resolution dated March 22, 2022, the Board of Directors of An Giang Import - Export Company approved to implement the plan for stock issuance to pay dividend and the issuance of bonus shares to existing shareholders from the owner’s equity with details as follows:
- Stock name: An Giang Import - Export Company
- Stock code: common share
- Par value: 10,000 dongs/share
- Charter capital before the issuance: VND182,000,000,000
- Number of outstanding shares: 18,200,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 23,660,000 shares, including:
- Stock issuance to pay dividend for 2020: 5,460,000 shares
- Stock issuance to pay dividend for 2021: 5,824,000 shares
- Bonus share issuance to existing shareholders: 12,376,000 shares.
- Total value of issuance (at par value): VND236,600,000,000, including:
- Stock issuance to pay dividend for 2020: VND54,600,000,000
- Stock issuance to pay dividend for 2021: VND58,240,000,000
- Bonus share issuance to existing shareholders: VND123,760,000,000.
- Issue ratio:
- Stock issuance to pay dividend for 2020: 30% (equivalent to 1:0.3)
- Stock issuance to pay dividend for 2021: 32% (equivalent to 1:0.32)
- Bonus share issuance to existing shareholders: 68% (equivalent to 1:0.68).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares (if any) will be cancelled.
For example: at the record date, shareholder A owned 252 shares. With performing ratio, the shareholder A will receive:
- Stock issuance to pay dividend for 2020: 252 * 30% = 75.6 shares. Thus, the shareholder A receives 75 new shares.
- Stock issuance to pay dividend for 2021: 252 * 32% = 80.64 shares. Thus, the shareholder A receives 80 new shares.
- Bonus share issuance to existing shareholders: 252 * 68% = 171.36 shares. Thus, the shareholder A receives 171 new shares.
Total shares that the shareholder A receives 326 shares.
- Time of implementation: Quarter 2/2022.