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LSS: BOD resolution dated October 10, 2022 The Board resolution dated October 10, 2022, the BOD of Lam Son Sugar Joint Stock Corporation approved the following contents:
- Approved the cancellation of the plan for share public offering that issued by the Resolution of General Meeting of Shareholders dated November 06, 2021.
- Approved the plan for stock dividend payment in 2019/2020, 2020/2021:
- Stock name: Lam Son Sugar Joint Stock Corporation
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND700,000,000,000
- Number of shares issued: 70,000,000 shares
- Number of outstanding shares: 70,000,000 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 4,550,000 shares
- Total value of issuance (at par value): VND45,500,000,000
- Expected stock volume after the issuance: VND745,500,000,000
- Exercise ratio: 6.5% (100:6.5) (Those who own 100 shares will 6.5 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 1,234 shares. With 6.5% exercise ratio, the shareholder A will receive: 1,234 *6.5/100 = 80.21 shares. According to rounding policy, the shareholder A will receive 80 new shares and the fractional shares of 0.21 share will be cancelled.
Time of implementation: 2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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