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SMA: Record date for 2017 stock dividend On August 07, 2018, HOSE issued Announcement No.1035/TB-SGDHCM on the record date for 2017 stock dividend of Saigon Machinery Spare Parts Joint Stock Company as follows:
- Ex-right date: August 14, 2018
- Record date: August 15, 2018
- Reason & Purpose: to pay stock dividend for 2017.
- Contents:
- Exercise ratio: 18% (Shareholders are entitled to have 18 new shares for every 100 shares owned.)
- Estimated issue volume: 2,901,600 shares
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be paid in cash.
- For example: At the record date, shareholder A owned 110 shares. With 18% performing ratio, the shareholder A will receive: 110 * 18% = 19.8 shares. According to rounding policy, the shareholder A receives 19 new shares. The fractional shares of 0.8 *10,000=8,000 dongs.
- 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 Saigon Machinery Spare Parts Joint Stock Company. HOSE
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