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EIB: Plan for stock issuance to pay dividend The Board resolution dated August 19, 2022, the BOD of Vietnam Export Import Commercial Joint Stock Bank approved the plan stock issuance to pay cash dividend 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): VND2,458,865,800,000
- Expected stock volume after the issuance: 1,481,409,484 shares
- Expected outstanding volume aftre the issuance: 1,475,319,484 shares
- Issue ratio: 20% (Those who 100 shares will receive 20 new shares)
- Time of implementation: expected in 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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