PDN: Record date for 2018 dividend payment & stock issuance
PDN: Record date for 2018 dividend payment & stock issuance
On June 25, 2019, the Hochiminh Stock Exchange issued Announcement No.908/TB-SGDHCM about the record date of Dong Nai Port Joint – Stock Company as follows:
- Ex-right date: July 18, 2019
- Record date: July 19, 2019
- Reason & purpose:
- To pay remaining cash dividend for 2018;
- Stock issuance to pay raise capital from the owner’s equity.
- Content:
- To pay remaining cash dividend for 2018:
ü Exercise ratio: 25%/par value (2,500 dongs/share)
ü Payment date: July 31, 2019
ü Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Dong Nai Port Joint – Stock Company.
4. Stock issuance to pay raise capital from the owner’s equity:
ü Exercise ratio: 2:1 (Shareholder who owns 02 shares will receive 01 new share.)
ü Expected issue volume: 6,173,993 shares
ü Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.
ü For example: At the record date, shareholder A owned 101 shares. With 2:1 performing ratio, the shareholder A will receive: 101 /2 = 50.5 shares. According to rounding policy, the shareholder A receives 50 new shares. The fractional shares of 0.5 will be cancelled.
ü Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Dong Nai Port Joint – Stock Company.
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