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RDP: Stock issuance to pay dividend
HSX - 9/3/2019 4:33:00 PM
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On September 03, 2019, RangDong Plastic Joint-Stock Company announces the information on stock issuance for dividend payment to existing shareholders as follows:

-          Stock name: RangDong Plastic Joint-Stock Company

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of shares issued: 33,942,862 shares

-          Number of outstanding shares: 33,942,862 shares

-          Number of treasury shares: 0 share

-          Number of shares expected to be issued: 3,394,286 shares

-          Total value (based on par value): VND33,942,860,000

-          Issue ratio:  10% (10:1) (shareholder who owns 10 shares will receive 01 new share).

-          Record date: October 09, 2019

-          Time of implementation: expected in July 2019 or August 2019

-          Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.

-          For example: At the record date, shareholder A owned 186 shares. With 10% performing ratio, the shareholder A will receive: 186 * 10/100 = 18.6 shares. According to rounding policy, the shareholder A receives 18 new shares. The fractional shares of 0.6 will be cancelled.

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