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DBT: Plan for stock issuance to pay dividend for 2021 The Board resolution dated August 19, 2022, the BOD of BenTre Pharmaceutical Joint Stock Company approved the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: BenTre Pharmaceutical Joint Stock Company
- Stock code: DBT
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 14,205,116 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 1,420,511 shares
- Total value of issuance (at par value): VND14,205,110,000
- Exercise ratio: 10% (10:01) (Those who own 10 shares will receive 01 new share)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owns 126 shares. With 10:1 exercise ratio, the shareholder A will receive: 126 * 1/10 = 12.6 shares. According to rounding policy, the shareholder A will receive 12 new shares and the fractional shares of 0.6 share will be cancelled.
- Time of implementation: expected in Quarter III/2022, after being approved by the State Securities Commission of Vietnam (SSC).
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