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PXS: The BoD approves to pay 10% dividend & offer 5 million shares Petroleum Equipment Assembly and Metal Structure JSC announced the board resolution dated August 06, 2015 as follows:
The Board of Directors approved to implement the first cash dividend payment for 2015, offer shares to the existing shareholders and issue bonus shares:
1) The first cash dividend payment for 2015
- Record date: August 24, 2015
- Payment ratio: 10% charter capital
- Payment date: September 09, 2015
2) Public offering
- Stock type: common stock
- Par value: VND10,000/share
- Offering volume: 5,000,000 shares
- Exercise ratio: 10:1
- Offering price: VND12,703/share
- Minimum bidding volume: none
- Record date (estimated): August 24, 2015
- Time to transfer the purchase rights: from September 01, 2015 to September 28, 2015
- Time to receive registration and installment: from September 01, 2015 to the end of September 30, 2015
3) Bonus issuance
- Issue volume (estimated): 5,000,000 shares
- Par value: VND10,000/share
- Total issue value: VND50 billion
- Financial resource: the investment development fund
- Record date (estimated): August 24, 2015
- Exercise ratio: 10:1
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be bought back as treasury shares and paid in cash to shareholders.
- Transfer restriction: none. HOSE
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