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VPI: Approved the stock issuance to pay dividends for 2020 The Board resolution dated September 23, 2021, the BOD of Van Phu - Invest Investment Joint Stock Company approved to implement the stock issuance plan to pay stock dividend for 2020 with details as follows:
- Stock name: Van Phu - Invest Investment Joint Stock Company
- Stock code: VPI
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 199,999,900 shares
- Number of outstanding shares: 199,999,900 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 19,999,990 shares
- Total value of issuance (at par value): VND199,999900,000
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owns 101 shares. With 10% performing ratio, the shareholder A will receive: 101 *10/100 =10.1 shares. According to rounding policy, the shareholder A will receive 10 new shares and fractional shares of 0.1 will be cancelled.
- Time of implementation: 2021, after being approved by the State Securities Commission of Vietnam (SSC).
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