VPB: Board resolution on the record date for stock issuance

The Board of Directors of VietNam Prosperity Joint Stock Commercial Bank approved a record date for issuing shares to pay dividends and increase its share capital:

1. Issuer: VietNam Prosperity Joint Stock Commercial Bank
2. Stock code: VPB
3. Stock type: common share
4. Par value: VND10,000/share
5. Record date: June 19, 2018
6. Purpose: to pay stock dividends for 2017 and issue bonus shares to raise capital from the owner’s capital.
7. Issue ratio (Expected issue volume/Total volume): 61.817%

Of which:

-      To issue shares to pay dividends: 30.217% shares;

-      To issue shares to increase the charter capital from the reserve fund for the charter capital and from the capital surplus: 31.60%.

8. Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares (if any) will be distributed to the Company’s Labor Union. 

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