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PET: Plan for stock issuance to pay dividend for 2021 The Board resolution dated December 01, 2022, the BOD of Petrovietnam General Services Corporation approved the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Petrovietnam General Services Corporation
- Stock code: PET
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 90,450,124 shares
- Number of treasury shares: 612,700 shares
- Number of outstanding shares: 89,837,424 shares
- Number of shares expected to be issued: 8,983,742 shares
- Exercise ratio: 10% (100:10 (Those who own 100 shares will receive 10 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 95 shares. With 10% exercise ratio, the shareholder A will receive: 95*10/100 = 9.5 shares. According to rounding policy, the shareholder A will receive 09 new shares and fractional shares of 0.5 share will be cancelled.
- Time of implementation: expected in 2022-2023, after being approved by the State Securities Commission of Vietnam (SSC).
- Plan for using capital from the issuance: will be used to supplement working capital. HOSE
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