LGC: The record date for Exercising shares purchase right & advance payment for the 2014 cash dividend
On December 29, 2014, CII Bridges and Roads Investment Joint Stock Company announces the record date for dividend payment and rights offering as follows:
- Stock symbol: LGC
- Stock type: Common stock
- Par value: VND10,000
- Ex-right date: January 07, 2015
- Record date: January 09, 2015
Purpose: Exercising shares purchase right for existing shareholders and advance payment for the 2014 cash dividend
1. Exercising shares purchase right for existing shareholders
- Volume registered to issue: 14,732,497 shares
- Issue price: VND10,000/share
- Exercise ratio: 3:2 (a shareholder owning 01 share will get 01 right, and owning every 03 rights will be entitled to buy 02 new shares).
- Plan for fractional and undistributed shares: The distributed shares will be rounded down. The undistributed shares (if any) and fractional parts will be offered to other investors by the Board of Directors at VND10,000/share.
For example, if shareholder A owns 95 shares at the record date, he will receive: 95*2/3=63.33 shares. However, because of rounding down, he will receive only 63 new shares.
- Principle for rights transfer:
- Time of transfer: from January 16, 2015 to February 02, 2015
- Rights are transferred only once
- Regulation on stock purchase:
- Time for registration and payment: from January 16, 2015 to February 04, 2015
- The new shares are transferable.
- Place of implementation:
ü Shareholders whose shares have been deposited: shareholders make procedures to transfer rights and deposit money to buy shares at the securities firms where the shares have been deposited.
ü Shareholders whose shares have not been deposited: shareholders make procedures to transfer rights and deposit money to buy shares at CII Bridges and Roads Investment Joint Stock Company.
- Bank for blocking depository money:
ü Account name: CII Bridges and Roads Investment Joint Stock Company
ü Account number of VND: 102010001850781 at Vietinbank – Branch 11.
2. Advance payment for the 2014 cash dividend:
- Dividend pay-out ratio: 12%/ par value (VND1,200/ share)
- Payment date: February 12, 2015
- Place & procedure of payment:
ü Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
ü Shareholders whose shares have not been deposited: at CII Bridges and Roads Investment Joint Stock Company as from February 12, 2015.