Thursday, 16/06/2022 14:11

SMC: Stock issuance for 2021 dividend payment

On June 15, 2022, SMC Trading Investment Joint Stock Company announces the stock issuance for dividend payment to existing shareholders as follows:

-          Stock name: SMC Trading Investment Joint Stock Company

-          Stock type: common share

-          Par value: 10,000 dongs

-          Number of shares issued: 60,994,691 shares

-          Number of outstanding shares: 60,922,941 shares

-          Number of treasury shares: 71,750 shares

-          Number of shares expected to be issued: 12,184,588 shares

-          Total value (based on par value): 121,845,880,000 dongs

-          Issue ratio: 20% (100:20) (Shareholder who owns 100 shares will receive 20 new shares).

-          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 101 shares. With 20% exercise ratio, the shareholder A will receive: 101 * 20/100 = 20.20 shares. Accordingly, the shareholder A will receive 20 new shares and the fractional shares of 0.20 share will be cancelled.

-          Record date: June 29, 2022.

HOSE

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