The Board resolution dated October 20, 2020, the BOD of First Real Joint Stock Company approved the stock issuance for dividend payment to existing shareholders as follows:
- Stock name: First Real Joint Stock Company
- Stock code: FIR
- Stock type: common share
- Par value: VND 10,000/share
- Number of shares issued: 20,799,997 shares
- Number of outstanding shares: 20,799,997 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 6,239,999 shares
- Total value of issue (based on par value): VND 62,399,990,000
- Issue ratio: 30% (shareholder who owns 100 shares will receive 30 new shares).
- Record date: November 03, 2020
- 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 146 shares. With 30% performing ratio, the shareholder A will receive: 146 *30/100 =83.8 shares. According to rounding policy, the shareholder A receives 83 new shares and fractional shares of 0.8 will be cancelled.