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MSH: Plan for stock issuance to pay dividend for 2021
HOSE - 5/24/2022 1:31:00 PM
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On dated May 10, 2022, the BOD of DABACO Group approved to implement the plan to issue shares for 2021 dividend payment with details as follows:

-          Stock name: Song Hong Garment Joint Stock Company

-          Stock code: MSH

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of outstanding shares: 50,009,400 shares

-          Number of shares expected to be issued: 25,004,700 shares

-          Total value of issuance (at par value): VND250,047,000,000

-          Exercise ratio: 2:1 (Those who own 02 shares will receive 01 new share).

-          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 201 shares. With 2:1 exercise ratio, the shareholder A will receive: 201*1/2 = 100.5 shares. According to rounding policy, the shareholder A will receive 100 new shares and the fractional shares of 0.5 share will be cancelled.

-          Transfer restriction: none

-          Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC).

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