STK: Record date for 2016 stock dividend On July 07, 2017, the Hochiminh Stock Exchange issued Announcement No.814/TB-SGDHCM about the record date for 2016 stock dividend of Century Synthetic Fiber Corporation as follows:
- Ex-right date: July 24, 2017
- Record date: July 25, 2017
- Reason & Purpose: To pay stock dividend for 2016.
- Content:
- Exercise ratio: 100:12 (Shareholders are entitled to have 12 new shares for every 100 shares owned)
- Expected issue volume: 6,421,922 shares
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: At the record date, shareholder A owned 107 shares. With 12% performing ratio, the shareholder A will receive: 107*12% = 12.84 shares. According to rounding policy, the shareholder A receives 12 new shares. The fractional shares of 0.84 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 Century Synthetic Fiber Corporation.
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