On June 21, 2022, the BOD of Vietnam Electricity Construction Joint Stock Corporation approved the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Vietnam Electricity Construction Joint Stock Corporation
- Stock code: VNE
- Stock type: common share
- Par value: VND10,000/share
- Number of shares expected to be issued: 4,096,701 shares
- Total value of issuance (at par value): VND 40,967,010,000
- Exercise ratio: 5% (100:5) (Those who own 100 shares will receive 05 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 155 shares. With 5% exercise ratio, the shareholder A will receive: 155*5/100 = 7.75 shares. According to rounding policy, the shareholder A will receive 07 new shares and fractional shares of 0.75 share will be cancelled.
- Transfer restriction: none
- Time of implementation: expected in Quarter 3/2022 or Quarter 4/2022, after being approved by the State Securities Commission of Vietnam (SSC).