GMC: The record date for cash dividend payment & Public offering

On September 14, 2016, the Hochiminh Stock Exchange issued Announcement No.983/TB-SGDHCM about the record date for cash dividend payment & public offering of Sai Gon Garment Manufacturing Trade Joint Stock Company (stock code: GMC) as follows:

-        Ex-right date:   September 23, 2016

-        Record date:     September 26, 2016

-        Reason and Purpose:  to pay second cash dividends for 2015 and to pay first cash dividends for 2016 & public offering.

1)    To pay second cash dividends for 2015:

-        Exercise ratio: 15%/par value (1,500dongs/share)

2)    To pay first cash dividends for 2016:

-        Exercise ratio: 15%/par value (1,500dongs/share)

-        Payment date: October 17, 2016

-        Place of payment:

+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.

 + Shareholders whose shares have not been deposited: at Sai Gon Garment Manufacturing Trade Joint Stock Company.  

3)    Notice of Public Offering:

-        Estimated issue volume: 3,880,356 shares

-        Exercise ratio: 3:1 (The one who owns 1 share will receive 1 purchase rights ; with every 03 purchase rights will be bought 01 new share)

-        Issue price: 15,000dongs/share

-        Plan to deal with fractional shares: shares of issue for existing shareholders will be rounded down. The fractional and unsold shares (if any) authorized the BoD resolved.

-        For example, if shareholder A owns 164 shares at the record date, he will receive 54 new shares. The fractional part ( 0.67 share) will be authorized the BoD for existing shareholders.

-        Regulation on rights transfer:

+ Time for rights transfer: from October 03, 2016 to October 26, 2016

+ Purchase right will be transferred one times (no transfer for the third person)

-           Regulation of stock purchase:

+ Time for subscription and deposit: from October 03, 2016 to October 28, 2016

+ Stock purchase is kind of stock for free transfer.

-           Place of payment:

+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.

+ Shareholders whose shares have not been deposited: at Sai Gon Garment Manufacturing Trade Joint Stock Company.

HOSE

>   C32: BoD approves a record date for dividend payment (15/09/2016)

>   STG: Report on result of stock issuance for dividend payment and raise capital from the owner’s equity (04/07/2017)

>   NNC: BoD approves first cash dividend payment for 2016 (16/09/2016)

>   TV1: BoD approves cash dividend payment for 2015 (16/09/2016)

>   NCT: BoD approves first cash dividend payment for 2016 (19/09/2016)

>   SBT: SBT adjusts the record date for the 2015-2016 dividend payment and additional issue from the equity (19/09/2016)

>   OPC: Resolution on the dividend payment (20/09/2016)

>   VMD: BoD approves cash dividend payment for 2015 (20/09/2016)

>   VMD: The record date for cash dividend payment for 2015 (20/09/2016)

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