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DAT: Plan for stock issuance to pay dividend for 2021 The Board resolution dated June 21, 2022, the BOD of Travel Investment And Seafood Development Corporation approved the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Travel Investment And Seafood Development Corporation
- Stock code: DAT
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 55,206,417 shares
- Number of shares expected to be issued: 7,728,898 shares
- Total value of issuance (at par value): VND 77,288,980,000
- Exercise ratio: 14% (100:14) (Those who own 100 shares will receive 14 new shares)
- Plan for using after the issuance: to supplement capital for the company’s business and production activities.
- Transfer restriction: none
- Time of implementation: 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 cancelled.
- For example: at the record date, shareholder A owns 105 shares. With 14% exercise ratio, the shareholder A will receive: 105*14/100 = 14.7 shares. According to rounding policy, the shareholder A will receive 14 new shares and fractional shares of 0.7 share will be cancelled. HOSE
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