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SVT: BOD approved the plan for stock issuance to pay dividend for 2019 The Board resolution dated August 03, 2020, the BOD of Sai Gon Vien Dong Technology Joint Stock Company approved to implement the plan for stock issuance to pay dividend for 2019 as follows:
- Stock name: Sai Gon Vien Dong Technology Joint Stock Company
- Stock type: common share
- Number of shares issued: 10,526,937 shares
- Number of outstanding shares: 10,526,937 shares
- Number of treasury shares: 0 share
- Charter capital until 12/31/2019: VND 105,269,370,000
- Number of shares expected to be issued: 1,052,693 shares
- Total value (based on par value): VND 10,526,930,000
- Expected charter capital after the issuance: VND 115,796,300,000
- Issue ratio: 10% (shareholder who owns 10 shares will receive 01 new share).
- Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be cancelled.
- For example: at the record date, shareholder A owned 264 shares. With 10% performing ratio, the shareholder A will receive: 264 * 10/100 =26.4 shares. According to rounding policy, the shareholder A receives 26 new shares and fractional shares of 0.4 will be cancelled.
- Time of implementation: expected in Q3.2020 or Q4.2020. HOSE
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