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FCN: BOD resolution on the stock dividend payment for 2019 The Board resolution dated November 26, 2020, the BOD of Fecon Corporation approved to pay stock dividend for 2019 as follows:
- Record date: December 11, 2020
- Exercise ratio: 100:5, equivalent to 5%/share (At the record date, shareholder who owns 100 shares will 05 new shares).
- The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares will be cancelled.
- For example: At the record date, the shareholder A owns 1,050 shares. With 5% performing ratio, the shareholder A will receive: 1,050*5/100= 52.5 shares. According to rounding policy, the shareholder A receives 52 new shares. The fractional shares of 0.5 share will be cancelled.
- Place of payment:
- Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
- Shareholders whose shares have not been deposited: at Fecon Corporation (Address: Floor 15th, CEO Building, lot HH2-1, Me Tri Ha Urban Area, Pham Hung Street, Me Tri Ward, Nam Tu Liem District, Hanoi).
HOSE
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