FIR: Plan for stock issuance to pay divdiend On October 05, 2022, the BOD of First Real Joint Stock Company approved the plan to issue shares for dividend payment with details as follows:
- Stock name: First Real Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 44,615,015 shares
- Number of outstanding shares: 44,615,015 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 8,923,003 shares
- Total value of issuance (at par value): VND89,230,030,000
- Exercise ratio: 20% (100:20) (Those who own 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 126 shares. With 20% exercise ratio, the shareholder A will receive: 126*20/100 = 25.2 shares. According to rounding policy, the shareholder A will receive 25 new share and fractional shares of 0.2 share will be cancelled.
- Time of implementation: expected in October 2022 or November 2022
- Transfer restriction: none. HOSE
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