VPG: BOD approved the plan to issue shares for 2019 dividend payment

The Board resolution dated July 15, 2020, the BOD of Viet Phat Import Export Trading Investment Joint Stock Company approved to carry out the plan to issue shares for 2019 dividend payment. Details are as follows:

-          Stock type: common shares

-          Par value: VND 10,000/share

-          Number of outstanding shares: 35,000,000 shares

-          Expected issue volume: 4,200,000 shares

-          Total value (based on par value): VND 42,000,000,000

-          Issue ratio: 12% (100:12) (shareholder who owns 100 shares will receive 12 new shares).

-          Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.

-          Time of implementation: expected in Q3.2020 or Q4.2020.

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