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HSL: Board resolution on dividend payment Hong Ha Son La Processing Agricultural Product Joint Stock Company announces the Board Resolution dated July 31, 2018 as follows:
1. The Board of Directors approved to adjust the plan for fractional shares in the stock dividend payment for 2016 and 2017:
- The number of shares distributed to the existing shareholder will be rounded down to units. The fractional part (if any) will be cancelled.
For example, if shareholder A owns 50 shares, the number of shares he or she will receive will be calculated as follows: 50/4 = 12.5 shares. However, the number of shares he or she will receive in practice will be 12 shares. 0.5 share will be cancelled.
2. The Board of Directors approved to implement the plan for stock dividend payment for 2016 and 2017:
- Stock code: HSL
- Stock type: common stock
- Par value: VND10,000/share
- Listing shares: 12,600,000 shares
- Outstanding shares: 12,600,000 shares
- Treasury shares: 0 shares
- Payment ratio: 4:1 (those who own 04 shares will receive 01 new share)
Of which:
- Paying stock dividends for 2016: 10%
- Paying stock dividends for 2017: 15%
- Expected issue volume: 3,150,000 shares
- Expected issue value: VND31,500,000,000.
- Maximum volume after the issuance: 15,750,000 shares
- Maximum value after the issuance: VND157,500,000,000.
- The number of shares distributed to the existing shareholder will be rounded down to units. The fractional part (if any) will be cancelled.
For example, if shareholder A owns 50 shares, the number of shares he or she will receive will be calculated as follows: 50/4 = 12.5 shares. However, the number of shares he or she will receive in practice will be 12 shares. 0.5 share will be cancelled.
- Issue date: in Quarter III.2018
- Place of payment:
- Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
- Shareholders whose shares have not been deposited: at the head office of Hong Ha Son La Processing Agricultural Product Joint Stock Company .
- The new shares will be listed on the Hochiminh Stock Exchange and registered to deposit at the Vietnam Securities Commission.
HOSE
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