On July 21, 2022, Sea & Air Freight International announces the stock issuance to pay dividend for 2021 as follows:
- Stock name: Sea & Air Freight International
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 15,753,069 shares
- Number of outstanding shares: 14,023,057 shares
- Number of treasury shares: 1,730,012 shares
- Number of shares expected to be issued: 7,011,528 shares
- Total value (based on par value): 70,115,280,000 dongs
- Issue ratio: 2:1 (Shareholder who owns 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 115 shares. With 2:1 exercise ratio, the shareholder A will receive: 115* 1/2 = 57.5 shares. According to rounding policy, the shareholder A will receive 57 new shares and the fractional shares of 0.5 share will be cancelled.
- Record date: August 10, 2022.