CSM: Board Resolution No.122 on Dividend Payment The Southern Rubber Industry Joint Stock Company announced Board Resolution No.122 on dividend payment as follows:
- Purpose: to pay dividends for 2014
- Payment ratio: 35%/charter capital
+ 25% in cash
+ 10% in stock
- Financial resource: the undistributed after-tax profit
- Number of shares expected to issue: 6,729,200 shares
- Value of shares expected to issue: VND67,292,000,000
- Exercise ratio: 10:1 (The one who owns 10 shares will receive 10 rights. With every 10 rigths, he or she will receive 01 new share.)
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be paid in cash at par value.
- Time of implementation: Quarter III/2015 HOSE
|