According to the board resolution dated December 01, 2014, the Board of Directors of Quang Binh Import and Export Joint Stock Company decided the dividend payment for 2014 as follows:
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Dividend payment ratio: 20%
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Payment method: in stock
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Number of outstanding shares: 32,000,000
shares
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Number of shares expected to issue: 6,400,000
shares
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Exercise ratio: 100:20 (each shareholder
owning 100 shares will receive 20 new shares)
-
Plan to deal with fractional shares: the
number of shares distributed to shareholders will be rounded down. Fractional
parts (if any) will be paid in cash at 10,000vnd/share.
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For example: At the record date, shareholder
Nguyen Van A currently owns 502 shares, the calculation as follows:
·
The
number of shares distributed in theory: 502 shares x 20 : 100 = 100.4 shares
·
The
number of shares in practice: 100 shares
·
The
number of shares bought back by the company: 0,4 shares x 10,000vnd = 4,000vnd
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Financial resource for payment: the
undistributed after-tax profit on the audited financial statements for the
first six months of 2014.
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The new shares are freely transferable.
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Charter capital after the issuance:
VND384,000,000,000.
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Time of implementation: within 45 days after
the State Securities Commission declares that it receives enough documents of
the issuance.
