PVD: Resolution on plan to deal with fractional shares
Petrovietnam Drilling & Well Service Corporation announced a resolution of the Board of Directors date October 24, 2013 as follows:
- The Board of Directors approved a plan to deal with fractional shares in the issuance to pay stock dividend with ratio 10% as follows: + The dividend shares will be rounded down. The fractional shares will be canceled. For example, on the record date, shareholder A owns 102 shares. Shareholder A has the right to receive: 102x10%=10.2 shares. However, after rounded down, the real number of shares shareholder A receives is 10 shares - The new shares are transferable. - Record date: expected from November 01, 2013 to November 2013.
- The Board of Directors approved a plan to deal with fractional shares in the issuance to pay stock dividend with ratio 10% as follows:
+ The dividend shares will be rounded down. The fractional shares will be canceled.
For example, on the record date, shareholder A owns 102 shares. Shareholder A has the right to receive: 102x10%=10.2 shares. However, after rounded down, the real number of shares shareholder A receives is 10 shares
- The new shares are transferable.
- Record date: expected from November 01, 2013 to November 2013.
HOSE
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