TVS: BODs Resolution on dividend & stock issuance On June 02, 2017, BODs of Thien Viet Securities Joint Stock Company approved the dividend and stock issuance as follows:
- Approving plan for 2016 cash dividend: 6%/par value (600 dongs/share)
- Approving stock issuance to pay dividend for 2016 and to issue the bonus shares to existing shareholders:
- Stock name: Thien Viet Securities Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares issued: 53,429,506 shares
- Number of outstanding shares: 49,358,756 shares
- Number of treasury shares: 4,070,750 shares
- Exercise ratio: 9% (shareholder who owns 100 shares will receive 09 new shares); in which:
+ 2016 dividend: 7%
+ Bonus shares: 2%
- Number of shares expected to be issued: 4,442,288 shares
- Total value of shares expected to be issued (on par value): 44,422,880,000 dongs
- 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 120 shares at the record date, he will receive 10 new shares and fractional shares (0.8 share) will be cancelled.
- Plan for capital use: to supplement the business capital.
- Transfer restriction: none
- Time of implementation: Q2.2017 or Q3.2017.
HOSE
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