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HVG: The record date for dividend payment, share issuance & right issue On January 06, 2015, HOSE announced the record date for to pay the 2014 dividend in cash, to issue shares from owners’ equity and to implement rights to purchase shares of Hung Vuong Corporation:
- Stock symbol: HVG
- Ex-right date: January 13, 2015
- Record date: January 15, 2015
- Purpose to make an advance payment on the 2014 dividend, to issue shares from owners’ equity and to implement rights to purchase additional shares
- Contents:
1. To make an advance payment on the 2014 dividend
- Dividend pay-out ratio: 10%/ par value (VND1,000/ share)
- Payment date: February 06, 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 Hung Vuong Corporation as from February 06, 2015
2. To issue shares from owners’ equity:
- Exercise ratio: 10:1 (The one who owns 10 shares will receive 01 new shares)
- Issue volume: 13,199,981 shares
- Plan for fractional and undistributed shares: Number of issued shares to increase charter capital for owners’ equity to shareholders will be rounded down. The fractional shares will be cancelled.
- For example, if shareholder A owns 152 shares on the record date, he will receive 152*10%=15.2 new shares. However, after rounded down, the real number of shares shareholder A receives is 15 shares
- The issued shares from owners’ equity are transferable.
- Rights to receive issued shares from owners’ equity are non-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 receive stock at Headquarter of Hung Vuong Corporation.
3. To implement rights to purchase additional shares
- Issue volume: 43,999,936 shares
- Issue price: VND10,000/share
- Exercise ratio: 3:1 (The one who owns 01 share will receive 01 right, and every 3 rights can buy 01 new share)
- Plan for fractional and undistributed shares: The distributed shares will be rounded down. The fractional shares and the undistributed shares (if any) and fractional parts will be offered to other investors by the Board of Directors at a price not less than the price offered to the existing shareholders.
o For example, if shareholder A owns 301 shares on the record date, he will receive 301/3=100.33 new shares. However, after rounded down, the real number of shares shareholder A receives is 100 shares
- Principle for rights transfer:
ü Time of transfer: from January 30, 2015 to March 02, 2015
ü Rights are transferred only once
- Regulation on stock purchase:
ü Time for registration and payment: from January 30, 2015 to March 17, 2015
ü The new shares are transferable.
- Bank for blocking depository money:
ü Account holder: Hung Vuong Corporation
ü Account number: 0071000814743 at Vietcombank – Hochiminh Branch
- 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 Hung Vuong Corporation. HOSE
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