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PVD: Plan for stock dividend payment in 2019 and 2020 The Board resolution dated February 18, 2022, the BOD of Petrovietnam Drilling & Well Service Corporation approved to pay stock dividend for 2019 and 2020 with details as follows:
- Stock name: Petrovietnam Drilling & Well Service Corporation
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 421,545,789 shares
- Number of outstanding shares: 421,129,789 shares
- Number of treasury shares: 416,000 shares
- Number of shares expected to be issued: 84,225,957 shares
- Total value (based on par value): 842,259,570,000 dongs
- Issuing ratio: 20% (10:2) (Shareholder who owns 10 shares will receive 02 new shares).
- Time of implementation: expected before June 30, 2022, after being approved by the State Securities Commission of Vietnam (SSC).
- Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.
- For example: at the record date, shareholder A owned 106 shares. With 20% performing ratio, the shareholder A will receive: 106*20/100 = 21.2 shares. According to rounding policy, the shareholder A receives 21 new shares and fractional shares of 0.2 will be cancelled. HOSE
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