On June 05, 2023, Tien Len Steel Corporation Joint Stock Company approved the plan for stock issuance to pay dividend. Details are as follows:
1) Stock name: Tien Len Steel Corporation Joint Stock Company
2) Stock type: common share
3) Number of shares issued: 102,110,621 shares
4) Number of outstanding shares: 102,110,621 shares
5) Number of treasury shares: 0 share
6) Number of shares expected to be issued: 10,211,062 shares
7) Total value (based on par value): 102,110,620,000 dongs
8) Exercise ratio: 100:10 (Those owning 100 shares will receive 10 new shares).
9) Plan to deal with fractional shares: The distributed shares will be rounded down to dozen, the fraction/al shares due to rounding down will be cancelled.
For example: Shareholder A owns 116 shares. The shareholder A will receive: 116 * 10:100 = 11.6 shares. According to rounding policy, the shareholder A will receive 11 shares and the fractional shares of 0.6 share will be cancelled.
10) Record date: June 21, 2023.