BTT: Decision on stock issuance plan Based on Decision No.13/2017/QĐ-HĐQT dated April 19, 2017, BODs of Ben Thanh Trading & Service Joint Stock Company approved stock issuance plan to raise capital from the owner’s equity as follows:
- Stock name: Ben Thanh Trading & Service Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares issued: 10,600,000 shares
- Number of outstanding shares: 10,599,776 shares
- Number of treasury shares: 224 shares
- Number of shares expected to be issued: 2,278,951 shares
- Total value of shares expected to be issued (on par value): 22,789,510,000 dongs
- Exercise ratio: 200:43 (Shareholder who owns 200 shares will receive 43 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled
- For example, if shareholder A owns 555 shares at the record date, he will receive 119 new shares. The fractional part ( 0.3 share) will be cancelled
- Issung object: exisiting shareholders
- Issuing ratio: 21.5%
- Time of implementation: Q2.2017 - Q3.2017 HOSE
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