On May 10, 2022, Phu Tai Joint Stock Corporation announces the stock issuance to pay dividend for 2021 as follows:
- Stock name: Phu Tai Joint Stock Corporation
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 48,599,441 shares
- Number of outstanding shares: 48,599,441 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 19,439,776 shares
- Total value (based on par value): 194,397,760,000 dongs
- Issue ratio: 10:4 (Shareholder who owns 10 shares will receive 04 new shares).
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled.
- For example: at the record date, shareholder A owns 2,022 shares. With 40% exercise ratio, the shareholder A will receive: 2,022 *40%= 808.8 shares. According to rounding policy, the shareholder A will receive 808 new shares and the fractional shares of 0.8 share will be cancelled.
- Record date: May 27, 2022.