DRC: Record date for the dividend payment of 2010 and bonus shares
DaNang Rubber Joint Stock Company (HOSE: DRC) announces the record date to close shareholder list:
- Stock symbol: DRC
- Stock type: Common stock
- Par value: VND10,000
- Ex-right date: May 16, 2011
(In case of put-through trading with volume from 100,000 shares and over on May 16 & 17, 2011, sellers will not receive rights)
- Record date: May 18, 2011
- Purpose: to pay the dividend installment of 2010 in cash, issue bonus shares to the existing shareholders.
1. Issuing bonus shares to the existing shareholders
- Expected issue volume: 15,384,624 shares
- Exercise ratio: 2:1 (a 01 share will get 01 right, 02 rights will buy 01 new share). The bonus share volume will be rounded to units. The fractional parts (if any) will be cancelled.
For example: Shareholder Nguyen Van A owns 100 shares. Therefore, he will receive 50 bonus shares.
- The new shares are transferable.
- The right to receive dividend is not transferable
Place of implementation
- Shareholders whose shares have been deposited: At the securities firms where the shares have been deposited.
- Shareholders whose shares have not been deposited: At DaNang Rubber Joint Stock Company
2. The dividend payment of 2010 in cash
- Dividend pay-out ratio: 10%/ par value (VND1,000/share)
- Payment date: June 08, 2011
Place of implementation
- Shareholders whose shares have been deposited: At the securities firms where the shares have been deposited.
- Shareholders whose shares have not been deposited: At DaNang Rubber Joint Stock Company.
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