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VHM: Resolution on collecting shareholders' opinion On August 16, 2018, Vinhomes Joint Stock Company announces the Resolution of collecting shareholders’ opinion in writing about stock issuance for dividend payment as follows:
- Exercise ratio: 1,000:250 (Shareholders are entitled to have 250 new shares for every 1,000 shares owned).
- Number of expected shares after the bonus stock issuance: 3,349,514,437 shares, equivalent to VND33,495,144,370,000 (based on par value).
- Stock type: common shares
- Par value: 10,000 dongs/share
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: At the record date, shareholder A owned 789 shares. With 1,000:250 performing ratio, the shareholder A will receive: 789 * 250/1,000 = 197.25 shares. According to rounding policy, the shareholder A receives 197 new shares. The fractional shares of 0.25 will be cancelled.
- Time of implementation: Q3.2018 or Q4.2018.
- Structure of charter capital after issuance:
+ Number of current shares: 2,679,611,550 shares
+ Number of shares expected to be issued: 669,902,887 shares
+ Stock type: common share
+ Par value: 10,000 dongs/share
+ Number of expected shares after the bonus stock issuance: 3,349,514,437 shares
+ Charter capital after the issuance (based on par value): VND33,495,144,370,000
+ These shares will not be restricted the transfer.
- To register to deposit at the Vietnam Securities Depository (VSD) and list on the Hochiminh Stock Exchange (HOSE) for new shares of the bonus stock issuance for dividend payment.
HOSE
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