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VPB: Stock issuance to pay dividends & raise capital On September 27, 2021, VietNam Prosperity Joint Stock Commercial Bank announces the stock issuance to pay dividends and stock issuance to raise capital from the owner’s equity with details as follows:
- Stock name: VietNam Prosperity Joint Stock Commercial Bank
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 2,529,967 shares
- Number of outstanding shares: 2,469,748,366 shares
- Number of treasury shares: 60,219,600 shares
- Number of shares expected to be issued: 1,975,749,297 shares; Of which:
+ Stock issuance to pay dividends: 1,534,948,609 shares
+ Stock issuance to raise capital from the owner’s equity: 440,800,688 shares
- Total value of issuance (at par value): 19,757,492,970,000 dongs; Of which:
+ Stock issuance to pay dividends: 15,349,486,090,000 dongs
+ Stock issuance to raise capital from the owner’s equity: 4,408,006,880,000 dongs
- Exercise ratio:
+ Stock issuance to pay dividends: 62.15% (Those who own 100,000 shares will receive 62,150 new shares).
+ Stock issuance to raise capital from the owner’s equity: 17.848% (Those who own 100,000 shares will receive 17,848 new shares).
- Plan to deal with fractional shares: The distributed shares will not be rounded down into 01 share, the fractional shares (if any) will be cancelled.
- For example: at the record date to pay stock dividend, shareholder A owns 1,000 shares. With 62.15% performing ratio, the shareholder A will receive: 1,000 *62.15% = 621.5 shares. According to rounding policy, the shareholder A will receive 621 new shares and fractional shares of 0.5 will be cancelled. The shares are received from stock issuance to raise capital from the owner’s equity: 1,000 * 17.848% = 178.48 shares. According to rounding policy, the shareholder A will receive 178 new shares and fractional shares of 0.48 will be cancelled.
- Record date: October 08, 2021.
HOSE
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