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NAF: Stock issuance to pay dividend On October 24, 2018, Nafoods Group Joint Stock Company announces the stock issuance to pay dividend for existing shareholders as follows:
- Stock name: Nafoods Group Joint Stock Company
- Stock code: NAF
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 33,000,000 shares
- Number of outstanding shares: 32,999,938 shares
- Number of treasury shares: 62 shares
- Number of shares expected to be issued: 3,299,993 shares
- Total value (based on par value): VND32,999,930
- Charter capital after the issuance: VND280,750,430,000
- Exercise ratio: (10:1) (Shareholder who owns 10 shares will receive 01 new share.)
- Record date: November 08, 2018
- Time of implementation: expected in Q4.2018
- 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 186 shares. With 10% performing ratio, the shareholder A will receive: 186 * 10/100 = 18.6 shares. According to rounding policy, the shareholder A receives 18 new shares. The fractional shares of 0.6 will be cancelled. HOSE
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