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MIG: Plan for stock issuance to pay dividend for 2021 The Board resolution dated May 10, 2022, the BOD of Military Insurance Corporation approved to implement the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Military Insurance Corporation
- Stock code: MIG
- Stock type: common share
- Par value: VND10,000/share
- Number of shares expected to be issued: 21,450,000 shares
- Total value of issuance (at par value): VND214,500,000,000
- Exercise ratio: 100:15 (Those who own 100 shares will receive 15 new shares).
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC).
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be transferred to the Trade Union of Military Insurance Corporation.
- For example: at the record date, shareholder A owns 1,234 shares. With 100:15 exercise ratio, the shareholder A will receive: 1,234*15/100 = 185.1 shares. According to rounding policy, the shareholder A will receive 185 new shares and the fractional shares of 0.1 share will be transferred to the Trade Union of Military Insurance Corporation.
- Transfer restriction: none
- Time of implementation: expected in Quarter II/2022 or Quarter III/2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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