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HDG: BOD resolution on planning stock issuance to pay dividend for 2019 The Board resolution dated May 14, 2020, the BOD of Ha Do Group Joint Stock Company carried out the plan to issue shares for 2019 dividend payment with the following details:
- Stock name: Ha Do Group Joint Stock Company
- Stock type: common share
- Par value: VND 10,000/share
- Number of shares issued: 118,681,289 shares
- Number of outstanding shares: 118,681,289 shares
- Number of treasury shares: 32,627 shares
- Number of shares expected to be issued: 35,594,599 shares
- Total value (based on par value): VND 355,945,990,000
- Issue ratio: 30%
- Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
- For example: Shareholders who own 115 shares. With 30% performing ratio, the shareholder A will receive: 115 * 30/100 = 34.5 shares. According to rounding policy, the shareholder receives 34 new shares. The fractional shares of 0.5 will be cancelled.
- Time of implementation: expected in Q2.2020 after being approved by the State Securities Commission of Vietnam (SSC).
- Transfer restriction: none.
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