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TDP: Plan for stock issuance to pay dividend for 2021 The Board resolution dated May 03, 2022, the BOD of Thuan Duc Joint Stock Company approved to implement the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Thuan Duc Joint Stock Company
- Stock code: TDP
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued shares: 60,210,902 shares
- Number of outstanding shares: 60,210,902 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 7,225,308 shares
- Total value of issuance (at par value): VND72,253,080,000
- Exercise ratio: 12% (1:0.12) (Those who own 01 share will receive 0.12 new share).
- 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 115 shares. With 1:0.12 performing ratio, the shareholder A will receive: 115*0.12/1 = 13.8 shares. According to rounding policy, the shareholder A receives 13 new shares and fractional shares of 0.8 will be cancelled.
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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