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TDP: BOD resolution on planning to issue shares for dividend payment The Board resolution dated October 22, 2020, the BOD of Thuan Duc Joint Stock Company approved the plan for stock issuance to pay dividend payment. Details are as follows:
- Stock name: Thuan Duc Joint Stock Company
- Stock code: TDP
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 47,999,999 shares
- Number of outstanding shares: 47,999,999 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 5,759,999 shares
- Total value (based on par value): 57,599,990,000 dongs
- Issuing ratio: 12% (shareholder who owns 01 share will receive 0.12 new shares).
- Plan to deal with fractional shares: The distributed shares will be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: At the record date, shareholder A owned 115 shares. With 1:0.12 performing ratio, the shareholder A will receive: (115 * 0.12)/1 =13.8 shares. According to rounding policy, the shareholder A receives 13 new shares and fractional shares of 0.8 will be cancelled.
- Time of implementation: expected in 2020, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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