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TLH: Record date for second 2016 stock dividend On July 04, 2017, the Hochiminh Stock Exchange issued Announcement No.796/TB-SGDHCM about the record date for second 2016 stock dividend of Tien Len Steel Corporation Joint - Stock Company as follows:
- Ex-right date: July 13, 2017
- Record date: July 14, 2017
- Reason & Purpose: To pay second stock dividend for 2016.
- Content:
- Exercise ratio: 10% , equivalent to 100:10 (Shareholders are entitled to have 10 new shares for every 100 shares owned)
- Expected issue volume: 8,318,556 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 1,234 shares. With 10% performing ratio, the shareholder A will receive: 1,234*10%=123.40 shares. According to rounding policy, the shareholder A receives 123 new shares. The fractional shares of 0.40 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 Tien Len Steel Corporation Joint - Stock Company.
HOSE
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