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FCM: Approved the plan for stock issuance to pay dividends The Board resolution dated September 20, 2021, the BOD of FECON Mining Joint Stock Company approved to implement the issuance plan to pay stock dividend for 2020 to existing shareholders as follows:
- Stock name: FECON Mining Joint Stock Company
- Stock type: common share
- Stock code: FCM
- Par value: VND10,000/share
- Number of outstanding voting shares: 41,000,000 shares
- Issuance ratio: 10%
Expected issuance volume: 4,100,000 shares
- Total value (at par value): VND41,000,000,000
- Expected charter capital: VND451,000,000,000
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled.
- For example: At the record date, the shareholder A owns 1,255 shares. With performing ratio 10%, the shareholder A will receive 1,255*10%= 125.5 shares. According to rounding policy, the shareholder A will receive 125 new shares and the fractional shares of 0.5 share will be cancelled.
- Time of implementation: expected in December 2021, after being approved by the State Securities Commission of Vietnam (SSC)
- Transfer restriction: none. HOSE
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