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LDG: Stock issuance to pay dividend On May 24, 2018, LDG Investment Joint Stock Company announces the stock issuance to pay dividend for existing shareholders as follows:
- Stock name: LDG Investment Joint Stock Company
- Stock code: LDG
- Charter capital: VND1,599,578,060,000
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 159,957,806 shares
- Number of outstanding shares: 159,957,806 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 28,792,405 shares
- Total value (based on par value): 287,924,050,000 dongs
- Issuing ratio: 100:18 (Shareholder who owns 01 share will receive 01 right, and with every 100 rights will be entitled to purchase 18 new shares).
- Record date: June 07, 2018
- 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, the shareholder A owns 315 shares. With 100:18 performing ratio, the shareholder A will purchase: (315 /100) * 18 = 56.7 shares. According to rounding policy, the shareholder A purchases 56 new shares. The fractional shares of 0.7 will be cancelled. HOSE
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