On April 25, 2022, the BOD of Tien Giang Investment and Construction Joint Stock Company approved to issue shares for 2021 dividend payment with details as follows:
- Stock name: Tien Giang Investment and Construction Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 15,971,306 shares
- Number of outstanding shares: 15,971,306 shares
- Number of shares expected to be issued: 3,992,826 shares
- Total value (based on par value): 39,928,260,000 dongs
- Issuing ratio: 25% (100:25) (Shareholder who owns 100 shares will receive 25 new shares).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: at the record date, shareholder A owned 150 shares. With 25% performing ratio, the shareholder A will receive: 150*25/100 = 37.5 shares. According to rounding policy, the shareholder A receives 37 new shares and fractional shares of 0.5 share will be cancelled.
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC)