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PAN: Result of stock issuance to pay dividend The PAN Group Joint Stock Company announced the result of stock issuance to pay dividend for exisiting shareholders as follows:
1) Information on stock:
- Stock name: The PAN Group Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of outstanding shares: 102,342,497 shares
- Number of treasury shares: 30,000 shares
- Number of shares expected to be issued: 15,351,374 shares
- Exercise ratio: 15%
- Record date: July 18, 2017
- Estimated trading date: Q3.2017
2) Result of stock issuance:
- Number of distributed shares: 15,351,133 shares
- Number of distributed shareholders: 948 shareholders
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: On the record date to finalize shareholders, shareholder A owned 90 shares. With 15% performing ratio, the shareholder A will receive: 90 * 15% = 13.5 shares. According to rounding policy, shareholder A receives 13 new shares. The fractional shares of 0.5 will be cancelled.
- Number of current shares on August 01, 2017: 117,723,630 shares; in which:
+ Number of outstanding shares: 117,693,630 shares
+ Number of treasury shares: 30,000 shares HOSE
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