QCG: Plan for dividend payment The Board resolution dated August 09, 2022, the BOD of Quoc Cuong Gia Lai Joint Stock Company approved to implement the plan for dividend payment as follows:
- Issuance volume: 27,512,914 shares
- Stock type: common share
- Par value: VND10,000/share
- Exercise ratio: 10:1 (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 will be cancelled.
- For example: at the record date, shareholder A owns 105 shares. With 10:1 exercise ratio, the shareholder A will receive: 105*1/10 = 10.5 shares. According to rounding policy, the shareholder A will receive 10 new shares and fractional shares of 0.5 share will be cancelled.
- Time of implementation: expected in Quarter 3/2022 or Quarter 4/2022, after being approved by the State Securities Commission of Vietnam (SSC).
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