|
SMA: BOD resolution on issuing shares to pay dividend The Board resolution dated December 04, 2020, the BOD of Saigon Machinery Spare Parts Joint Stock Company approved the following issues:
1) Approving to issue shares for dividend payment:
- Stock name: Saigon Machinery Spare Parts Joint Stock Company
- Stock type: common share
- Stock code: SMA
- Par value: VND 10,000/share
- Number of shares expected to be issued: 1,331,505 shares
- Total value of issue (based on par value): VND 13,315,050,000
- Exercise ratio: 100:7 (At the record date, shareholder who owns 01 share will receive 01 right, and with every 100 rights will be received 07 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 1,209 shares. With 100:7 performing ratio, the shareholder A will receive: 1,209 *7/100= 84.63 shares. According to rounding policy, the shareholder A receives 84 new shares. The fractional shares of 0.63 share will be cancelled.
2) Approving the time to pay stock dividend will be expected in Quarter 1/2021 or Quarter 2/2021, after being approved by the State Securities Commission of Vietnam (SSC).
3) Approving to register to deposit at the Vietnam Securities Depository (VSD) and list on the Hochiminh Stock Exchange for new shares. HOSE
|
