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HSG: Record date for stock dividend & stock issuance On May 17, 2017, the Hochiminh Stock Exchange issued Announcement No.615/TB-SGDHCM about the record date for stock dividend & stock issuance of Hoa Sen Group as follows:
- Exright date: May 29, 2017
- Record date: May 30, 2017
- Reason & Purpose: to pay stock dividend & stock issuance to raise capital from the owner’s equity.
- Content:
a. To pay stock dividend for FY 2015-2016:
- Exercise ratio: 100:55 (shareholder who owns 100 shares will receive 55 new shares)
- Estimated issue volume: 110,000,000 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 101 shares at the record date, he will receive 55 new shares and fractional shares (0.55 share) will be cancelled.
- 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 Hoa Sen Group.
b. Stock issuance to raise capital from the owner’s equity:
- Exercise ratio: 100:20 (shareholder who owns 100 shares will receive 20 new shares)
- Estimated issue volume: 40,000,000 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 101 shares at the record date, he will receive 20 new shares and fractional shares (0.2 share) will be cancelled.
- 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 Hoa Sen Group.
HOSE
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