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On April 15, the Board of Directors of Tin Nghia Industrial Park Development Joint Stock Company (stock code: TIP) approved the cash dividend payment and stock issuance as follows:
- Cash dividend payment
- Payment method: in cash
- Exercise ratio: 15%/par value (1,500 dongs/share)
- Record date: April 29, 2022
- Payment date: May 20, 2022.
- Stock issuance
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- Record date: April 29, 2022
- Expected issue volume: 39,004,714 shares
- Issue price: VND25,000/share
- Exercise ratio: 2:3 (Those who own 02 shares will receive 01 right, and with every 01 right will be entitled to buy 03 new share(s).)
- How to deal with fractional shares: The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional share and the shares refused to buy (if any) will be offered to other investors at a price not less than VND25,000/share..
- Regulation on rights transfer:
+ Time for rights transfer: from May 16, 2022 to May 31, 2022
+ The rights should be transferred only once.
- Regulation on securities purchased:
+ Time for subscription and deposit: from May 16, 2022 to June 06, 2022
+ The new shares are freely transferable.