Thursday, 11/10/2012 15:46

SVT: Savitech JSC to issue 8,700,000 shares for the 2011 dividend payment

Sai Gon Vien Dong Technology Joint Stock Company disclosed its plan to issue 8,700,000 shares for the 2011 dividend payment.

-         Stock type:       common share

-         Par value:        10,000 dongs / share

-         Total shares:   8,700,000 shares

-         Outstanding shares: 8,700,000 shares

-         Treasury shares: 0

-         Issue volume expected: 870,000 shares

-         Total value: 8,700,000,000 dongs

-         Issue ratio: 10% (the one who owns 10 shares at the record date will receive 01 new share)

-         Finance resource: retained earnings in 2010: 9,541,518,217 dongs and the company’s profit after tax: 3,725,252,849 dongs.

-         Record date: October 22, 2012

-         Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be canceled.

For example, if shareholder A owns 264 shares at the record date, he will receive: 264 x 10% = 26.4 shares. However, because of rounding down, he will receive only 26 new shares and 0.4 share will be cancelled.

HOSE

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