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ASM: Board resolution on stock dividend payment The Board of Directors of Sao Mai Group Corporation approved a plan for the 2019 & 2020 dividend payment as follows:
− Stock name: Stock of Sao Mai Group Corporation
− Stock type: common stock
− Par value: VND10,000/share
− Total issued volume: shares
− Outstanding volume: 258,867,849 shares
− Estimated issue volume: 77,660,354 shares
− Total issue value: VND776,603,540,000
− Exercise ratio: 30%% (those who own 20 shares will receive 03 new shares)
− Financial resource: the undistributed after-tax profit until 12/31/2020
− Issue date: after receiving the approval from the State Securities Commission.
− Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.
For example, on the record date, shareholder A owns 102102 shares. Shareholder A will receive: 102 x 30% = 300.6 shares. After rounded down, the real number of shares shareholder A receives will be 30 shares. The fractional part (0.6) will be cancelled.
HOSE
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