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KPF: Approved the stock issuance plan to pay dividend The Board resolution dated October 11, 2021, the BOD of Hoang Minh Finance Investment Joint Stock Company approved to implement the stock issuance plan to pay dividend with details as follows:
- Stock name: Hoang Minh Finance Investment Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Issuance volume: 2,898,446 shares
- Total value of issuance (at par value): VND28,984,460,000
- Issuance form: to issue shares for dividend payment
- Exercise ratio: 5% (20:1) (Those who own 20 will receive 01 new share.)\
- Transfer restriction: none
- Plan to deal with fractional shares: The distributed shares will not be rounded down into 01 share, the fractional shares (if any) will be cancelled.
- For example: at the record date to pay stock dividend, shareholder A owns 315 shares. With 20:1 performing ratio, the shareholder A will receive: 315 5% = 15.75 shares. According to rounding policy, the shareholder A will receive 15 new shares and fractional shares of 0.75 will be cancelled.
- Time of implementation: expected in Quarter IV/2021, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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