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SHC: Dividend payment & Additional Issuance
Saigon Maritime Joint Stock Co. Ltd (SHC) will make the first dividend payment for the year 2008 and issue further shares:
* Stock symbol: SHC
* Stock type : common stock
* Par value : VND10,000
* Ex-right date : October 28, 2008
* Record date : October 30, 2008
* Purpose
1/ Dividend advance in cash (Stage 1/2008):
- Pay-out ratio : 8% over par value (VND800 / share)
- Payment date : December 10, 2008
2/ Additional issuance:
- Issuing volume : 1,000,000 shares
- Exercise ratio : 3:1
- The one who owns 3 existing shares will have the right to buy 1 new share. The number of shares allowed to be bought will be rounded down.
- For example, at the record date, shareholder Nguyen Van A owning 100 shares, the calculation as follows:
- The number of shares distributed in theory: 100:3 = 33.3 shares
- The number of shares in practice: 30 shares
- The fraction part and the undistributed shares (if any) will be offered to other investors by the Board of Directors at the price not less than the one offered to the existing shareholders.
- The rights to purchase new shares are transferred only once and not transferred to the third party.
- The new shares are transferable.
- Issuing price : VND15,000 / share
- Time of transference : from November 12 to December 08, 2008
- Time of registration and deposit : from November 12 to December 10, 2008
- Trading date : expected on January 28, 2009
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: dividend payment by cash and register deposit at Saigon Maritime Joint Stock Co. Ltd., 422 Nguyen Tat Thanh St, Ward 18, Dist 4, Hochiminh City. Tel: 08.8261627. Fax: 08.9404300
Vietnam Securities Depository – HCMC Branch will suspend the depository activities for SHC on October 29, 30 & 31, 2008.
HoSE
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