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VCG: Plan for stock issuance to pay dividend for 2021 The Board resolution dated May 19, 2022, the BOD of Vietnam Construction and Import - Export Joint Stock Company approved to implement the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Vietnam Construction and Import - Export Joint Stock Company
- Stock code: VCG
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND4,417,106,730,000
- Number of outstanding shares: 441,710,673 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 44,171,067 shares
- Total value of issuance (at par value): VND441,710,670,000
- Exercise ratio: 10% (Those who own 100 shares will receive 10 new shares).
- Expected charter capital after the issuance: VND4,858,817,400,000
- 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 193 shares. With 100:10 exercise ratio, the shareholder A will receive: 193*10/100 = 19.3 shares. According to rounding policy, the shareholder A will receive 19 new shares and the fractional shares of 0.3 share will be transferred to the Trade Union of Military Insurance Corporation.
- Transfer restriction: none
- Time of implementation: expected in Quarter III/2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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