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STG: Stock issuance to pay dividend On November 22, 2018, South Logistics Joint Stock Company announces the stock issuance to pay dividend to existing shareholders as follows:
- Stock name: South Logistics Joint Stock Company
- Stock code: STG
- Charter capital: VND854,378,790,000
- Stock type: common share
- Par value: 10,000 dongs
- Number of share issued: 85,437,879 shares
- Number of outstanding shares: 85,437,879 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 12,815,681 shares
- Total value (based on par value): VND128,156,810,000
- Exercise ratio: 15% (Shareholders are entitled to have 05 new shares for every 100 shares owned).
- Record date: December 21, 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 303 shares. With 15% performing ratio, the shareholder A will receive: 303 * 15/100 = 45.45 shares. According to rounding policy, the shareholder A receives 45 new shares. The fractional shares of 0.45 will be cancelled.
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