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TVS: Approving the plan to issue shares for dividend payment & capital increase The Board resolution dated August 24, 2020, the BOD of Thien Viet Securities Joint Stock Company approved to issue shares with the following plans:
- Stock name: Thien Viet Securities Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares issued: 90,124,700 shares
- Number of outstanding shares: 90,124,700 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 8,111,223 shares
- Total value (based on par value): VND 81,112,230,000
- Issue ratio: 9% (shareholder who owns 100 shares will receive 09 new shares); Of which:
- To issue shares for 2019 dividend payment: 8% (shareholder who owns 100 shares will receive 08 new shares);
- To issue bonus shares: 1% (shareholder who owns 100 shares will receive 01 new share).
- Time of implementation: Quarter 3/2020 or Quarter 4/2020 after being approved by the State Securities Commission of Vietnam (SSC)
- Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be decided by the Board of Directors to distribute other investors.
- For example: at the record date, shareholder A owned 125 shares. With 9% performing ratio, the shareholder A will receive: 125 *9/100 = 11.25 shares. According to rounding policy, the shareholder A receives 11 new shares and fractional shares of 0.25 will be cancelled.
- Transfer restriction: none. HOSE
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