Monday, 25/11/2013 15:06

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.

HOSE

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