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EIB: Plan for stock issuance to pay dividend The Board resolution dated June 16, 2022, the BOD of Vietnam Export Import Commercial Joint Stock Bank approved the plan to issue shares for dividend payment with details as follows:
- Stock name: Vietnam Export Import Commercial Joint Stock Bank
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 1,235,522,904 shares
- Number of outstanding shares: 1,229,432,904 shares
- Number of treasury shares: 6,090,000 shares
- Number of shares expected to be issued: 245,886,580 shares
- Total value of issuance (at par value): VND 2,458,865,800,000
- Stock volume after the issuance: 1,481,409,484 shares
- Expected total value after the issuance (at par value): VND14,814,094,840,000
- Number of outstanding shares after the issuance (estimated): 1,475,319,484 shares
- Exercise ratio: 20% (Those who own 100 shares will receive 20 new shares)
- Time for increasing charter capital (estimated): Quarter III/2022
- 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 148 shares. With 20% exercise ratio, the shareholder A will receive: 148*20/100 = 29.6 shares. According to rounding policy, the shareholder A will receive 29 new shares and fractional shares of 0.6 share will be cancelled. HOSE
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