PVT: The record date for dividend payment, stock issuance & seeking shareholders’ approval On August 16, 2016, the Hochiminh Stock Exchange issued Announcement No.907/TB-SGDHCM about the record date for dividend payment, stock issuance & seeking shareholders’ approval of Petro Vietnam Transportation Corporation (stock code: PVT) as follows:
- Ex-right date: August 25, 2016
- Record date: August 26, 2016
I. Reason and Purpose:
+ To pay cash dividends for 2015
+ Stock issuance to raise capital from the owner’s equity.
+ Seeking shareholders’ approval in writing about increase the number of BoD members.
II/ Details:
1) To pay cash dividends for 2015:
- Exercise ratio: 8%/par value (800dongs/share)
- Payment date: September 26, 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 Petro Vietnam Transportation Corporation.
2) Stock issuance to raise increase from the owner’s equity
- Exercise ratio: 10%/share (The one who owns 100 shares will receive 10 new shares)
- Plan to deal with fractional shares: Number of stock issuance to raise capital will be rounded down. The fractional shares will be cancelled.
- For example, if shareholder A owns 671 shares at the record date, he will receive 67 new shares. The fractional part ( 0.1 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 Petro Vietnam Transportation Corporation.
3) Seeking shareholders’ approval in writing
- Exercise ratio: 01 share - 01 voting right
- Meeting time: September 12, 2016
- Meeting venue: Floor 2nd, PVFCCo, 43 Mac Dinh Chi, Dakao Ward, District 1, Hochiminh City.
HOSE
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