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HDC: The record date for the second dividend payment in stock
Ba Ria – Vung Tau House Development Joint Stock Company (HOSE: HDC) announces the record date to pay dividend in stock for 2010:
- Stock symbol: HDC
- 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
- Exercise ratio: 20%/par value
- The one who owns 100 shares at the record date will receive 20 new shares as dividend. The volume will be rounded to units. The odd shares will be bought by the company at the price of VND10,000/share.
- For example: At the record date, shareholder Nguyen Van A owns 323 shares, the calculation will be: 323 shares x 20% = 64.6 shares. After rounding down, the number of dividend he receives will be 64 shares and 6,000vnd in cash (=0.6 shares x 10,000vnd)
- Estimated issue volume: 3,899,902 shares
- The right to receive dividend is not transferable.
Place & procedure of payment:
- Shareholders whose shares have been deposited: New shares will be transferred to shareholders’ accounts in securities firms.
- Shareholders whose shares have not been deposited: Shareholders will receive dividend at Ba Ria – Vung Tau House Development Joint Stock Company.
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