Tuesday, 28/08/2018 13:45

RDP: BOD resolution on stock issuance plan for 2017 dividend payment

   On August 24, 2018, the Board of Directors of RangDong Plastic Joint-Stock Company approved to plan the stock issuance for 2017 dividend payment as follows:

1. Approving the plan for 2017 stock dividend:

-       Exercise ratio: 20%/charter capital, equivalent to VND56,572,150,000

-       Current charter capital: VND282,860,760,000

-       Number of voting right shares: 28,286,076 shares

2. Approving the plan for stock issuance to pay dividend for 2017:

-       Stock name: RangDong Plastic Joint-Stock Company

-       Stock type: common share

-       Number of outstanding shares: 28,286,076 shares

-       Number of treasury shares: 0 share

-       Issue ratio: 20%

-       Number of shares expected to be issued: 5,657,215 shares

-       Total value (based on par value): VND56,572,150,000

-       Exercise ratio: 10:2 (Shareholders are entitled to have 02 new shares for every 10 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 188 shares. With 20% performing ratio, the shareholder A will receive: 188 * 20% = 37.6 shares. According to rounding policy, the shareholder A receives 37 new shares. The fractional shares of 0.6 will be cancelled.

-       These shares will not be restricted the transfer.

-       Time of implementation: within 30 days from the date of notice by the State Securities Commission which received the full documentation.

HOSE

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