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SHP: Board resolution on stock dividend payment The Board of Directors of Southern Hydropower Joint Stock Company approved a plan for the 2020 dividend payment as follows:
− Stock name: Stock of Southern Hydropower Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Estimated issue volume: 7,496,861 shares
− Exercise ratio: 8% (those who own 100 shares will receive 08 new shares)
− 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 470 shares. Shareholder A will receive: 470 x 8% = 37.6 shares. After rounded down, the real number of shares shareholder A receives will be 37 shares. The fractional part (0.6) will be cancelled. HOSE
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