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BMI: Implementing the plan for stock issuance to raise capital The Board resolution dated May 21, 2021, the BOD of Baominh Insurance Corporation approved to implement the plan for stock issuance to raise capital from the owner’s equity as follows:
- Stock name: Baominh Insurance Corporation
- Stock code: BMI
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 91,354,037 shares
- Number of shares expected to be issued: 18,270,807shares
- Total value of issue (based on par value): VND182,708,070,000
- Exercise ratio: 20% (shareholders who own 10 shares will receive 02 new share).
- Time of implementation: expected in May 2021 or July 2021
- 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 14 shares. With 20% performing ratio, the shareholder A will receive: 14 * 20/100 = 2.8 shares. According to rounding policy, the shareholder A receives 02 new shares and fractional shares of 0.8 will be cancelled.
- Regulation on transfer restriction: none. HOSE
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