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VID: Stock issuance to pay dividend On November 12, 2018, Vien Dong Investment Development Trading Corporation announces the stock issuance to pay dividend for existing shareholders as follows:
- Stock name: Vien Dong Investment Development Trading Corporation
- Stock code: VID
- Charter capital: VND255,227,670,000
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 25,522,767 shares
- Number of outstanding shares: 25,522,767 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 2,552,276 shares
- Total value (based on par value): VND25,522,760,000
- Exercise ratio: 10% (Shareholders are entitled to have 01 new share for every 10 shares owned).
- Record date: November 27, 2018
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- For example: At the record date, shareholder A owned 1,234 shares. With 10% performing ratio, the shareholder A will receive: 1,234 * 10% = 123.4 shares. According to rounding policy, the shareholder A receives 123 new shares. The fractional shares of 0.4 will be cancelled.
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