The Board resolution dated May 23, 2023, the Board of Directors of Military Insurance Corporation approved the following issues:
- Approved to pay cash dividend for 2022:
- Exercise ratio: 5%/share (500 dongs/share)
- Time of implementation: expected in Quarter 2/2023 or Quarter 3/2023.
- Approved to pay stock dividend for 2022:
- Issuance volume: 8,222,500 shares
- Total value of issuance (at par value): VND 82,225,000,000
- Exercise ratio: 100:5 (Those who own 100 shares will receive 05 new shares)
- Plan to deal with fractional shares and undistributed shares: The distributed shares will be rounded down to units, the undistributed shares will be transferred to the Trade Union of Military Insurance Corporation.
- Time of implementation: expected in Quarter 2/2023 or Quarter 3/2023.