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HSL: Stock issuance to pay dividend On September 04, 2018, Hong Ha Son La Processing Agricultural Product Joint Stock Company announces the stock issuance to pay dividend to existing shareholders as follows:
- Stock name: Hong Ha Son La Processing Agricultural Product Joint Stock Company
- Stock code: HSL
- Charter capital: VND126,000,000,000
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 12,600,000 shares
- Number of outstanding shares: 12,600,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 3,150,000 shares
- Total value (based on par value): VND31,500,000,000
- Exercise ratio: (25%) 4:1 (Shareholders are entitled to have 01 new share for every 04 shares owned.); Of which:
+ To pay stock dividend for 2016: 10%
+ To pay stock dividend for 2017: 15%
- Record date: September 20, 2018
- 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 50 shares. With 25% performing ratio, the shareholder A will receive: 50 * 25% = 12.5 shares. According to rounding policy, the shareholder A receives 12 new shares. The fractional shares of 0.5 will be cancelled. HOSE
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