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GIL: Approved the stock issuance to pay dividend for 2020 The Board resolution dated June 28, 2021, the BOD of Binh Thanh Import Export Production and Trade Joint Stock Company approved the stock issuance to pay dividend for 2020 as follows:
- Stock name: Binh Thanh Import Export Production and Trade Joint Stock Company
- Stock type: common share
- Stock code: GIL
- Par value: 10,000 dongs
- Charter capital before the issuance: VND360,000,000,000
- Number of shares issued: 36,000,000 shares
- Number of outstanding shares: 36,000,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 7,200,000 shares
- Total value (based on par value): 72,000,000,000 dongs
- Charter capital after the issuance: VND432,000,000,000
- Issuing ratio: 20% (5:1) (Shareholder who owns 01 share will receive 01 right, and with every 05 rights will be entitled to receive 01 new share).
- Estimated issue time: 2021, after being approved by the State Securities Commission of Vietnam (SSC)
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be distributed to other investors by the BOD
- For example: at the record date, shareholder A owned 549 shares. With 5:1 performing ratio, the shareholder A will receive: 549*1/5 = 109.8 shares. According to rounding policy, the shareholder A receives 109 new shares and fractional shares of 0.8 will be cancelled.
- To register to deposit at the Vietnam Securities Depository (VSD) and list on the Hochiminh Stock Exchange (HOSE) for new shares.
HOSE
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