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HSG: Information on cash dividend for FY 2016-2017 On February 06, 2018, the BODs of Hoa Sen Group issued Resolution No.07/NQ/HĐQT/2018 on cash dividend for the financial year 2016 - 2017, specifically as follows:
1) Approving to pay cash dividend for the financial year 2016 – 2017:
a) To pay first cash dividend:
- Exercise ratio: 5%/par value (500 dongs/share).
- Record date: March 2018
- Payment time: April 2018
b) To pay second cash dividend:
- Exercise ratio: 5%/par value (500 dongs/share).
- Record date: April 2018
- Payment time: May 2018.
2) Approving the stock dividend for the financial year 2016 – 2017:
- Exercise ratio: 10% (shareholder who owns 01 share will receive 01 right, and with every 10 rights will be entitled to purchase 01 new share.)
- How to deal with fractional shares: The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares will be cancelled.
- For example: At the record date, the shareholder A owns 101 shares. With 10% performing ratio, the shareholder A will purchase: 101/100 * 10 = 10.1 shares. According to rounding policy, the shareholder A purchases 10 new shares. The fractional shares of 0.1 will be cancelled.
- Expected issue volume: 34,999,288 shares
- Total value (based on par value): VND349,992,880,000 HOSE
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