TLD: BOD resolution on record date for 2017 stock dividend On August 24, 2018, the Board of Directors of Thang Long Urban Development and Construction Investment Joint Stock Company approved the record date for 2017 stock dividend with the following details:
- Record date: September 12, 2018
- Purpose: to pay stock dividend for 2017
- Exercise ratio (04%): 100:4 (Shareholders are entitled to have 04 new shares for every 100 shares owned.)
- Expected issue volume: 720,000 shares
- 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 2,168 shares. With 04% performing ratio, the shareholder A will receive: 2,168 * 4% = 86.72 shares. According to rounding policy, the shareholder A receives 86 new shares. The fractional shares of 0.72 will be cancelled.
- Time of implementation: September 2018 HOSE
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