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TEG: Plan for stock issuance to pay dividend for 2021and 2022 The Board resolution dated April 28, 2023, the BOD of Truong Thanh Energy and Real Estate Joint Stock Company approved the plan to issue shares for dividend payment in 2021 and 2022 with details as follows:
- Stock name: Truong Thanh Energy and Real Estate Joint Stock Company
- Stock code: TEG
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND655,917,720,000
- Number of outstanding shares: 65,591,772 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 7,215,094 shares; Of which:
+ Stock issuance to pay dividend for 2021 with 7%: 4,591,424 shares
+ Stock issuance to pay dividend for 2022 with 4%:2,623,670 shares
- Total value of issuance (at par value): VND72,150,940,000; Of which:
+ Stock issuance to pay dividend for 2021: VND45,914,240,000
+ Stock issuance to pay dividend for 2022: VND26,236,700,000.
- Exercise ratio: 100:11 (Those who own 100 shares will receive 11 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be cancelled
- Transfer restriction: none
- Time of implementation: expected in 2023, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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