The Board resolution dated June 29, 2020, the BOD of Hoa Phat Group Joint Stock Company approved the plan for 2019 dividend payment. Details are as follows:
1) Plan for stock issuance to pay dividends:
- Stock name: Hoa Phat Group Joint Stock Company
- Stock code: HPG
- Stock type: common share
- Number of shares issued: 2,761,074,115 shares
- Number of outstanding shares: 2,761,074,115 shares
- Number of treasury shares: 0 share
- Exercise ratio: 20% (Shareholder who owns 10 shares will receive 02 new shares).
- Expected issue volume: 552,214,823 shares
- Total value (based on par value): VND 5,522,148,230,000
- Plan to deal with fractional shares: The distributed shares will be rounded down. The fractional shares will be cancelled.
- Time of implementation: expected in June 2020 or August 2020.
2) Plan for cash dividends payment:
- Exercise ratio: 5% (500 dongs/share)
- Time of implementation: expected in June 2020 or August 2020.