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FLC: BODs Resolution on the 2016 dividend On October 30, 2017, the Board of Directors of FLC Group Joint Stock Company approved to pay dividend for 2016 as follows:
1) Approving stock issuance to pay dividend for 2016:
- Stock name: FLC Group Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of outstanding shares: 638,038,737 shares
- Number of shares expected to be issued: 44,662,712 shares
- Total value (based on par value): VND446,627,120,000
- Exercise ratio: 07%, equivalent to 100:5 (shareholders are entitled to have 07 new shares for every 100 shares owned.)
- 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 198 shares. With 7% performing ratio, the shareholder A will receive: 198 * 7% = 13.86 shares. According to rounding policy, the shareholder A receives 13 new shares. The fractional shares of 0.86 will be cancelled.
2) Approving the 2016 cash dividend at the ratio of 03% (300 dongs/share). HOSE
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