Saturday, 06/08/2022 17:02

ITC: Stock issuance for dividend payment

On August 03, 2022, Investment and Trading of Real Estate Joint stock Company announces the stock issuance for dividend payment to existing shareholders as follows:
- Stock name: Investment and Trading of Real Estate Joint stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 87,654,427 shares
- Number of outstanding shares: 87,214,067 shares
- Number of treasury shares: 440,360 shares
- Number of shares expected to be issued: 8,721,406 shares
- Total value (based on par value): 87,214,060,000 dongs
- Issue ratio: 10%
- Time of implementation: expected in Quarter 3/2022 or Quarter 4/2022
- 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 585 shares. With 10% exercise ratio, the shareholder A will receive: 585*10/100 = 58.5 shares. According to rounding policy, the shareholder A will receive 58 new shares and fractional shares of 0.5 share will be cancelled.

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