The Board resolution dated August 21, 2020, the BOD of An Tien Industries Joint Stock Company approved the plan to issue shares for 2019 dividend payment with the following plans:
- Stock name: An Tien Industries Joint Stock Company
- Stock code: HII
- Stock type: common share
- Par value: 10,000 dongs/share
- Number of shares expected to be issued: 4,177,500 shares
- Purpose: to pay stock dividend for 2019
- Issue ratio: 100:15 (shareholder who owns 100 shares will receive 15 new shares)
- Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be decided by the Board of Directors to distribute other investors.
- For example: at the record date, shareholder A owned 2,222 shares. With 100:15 performing ratio, the shareholder A will receive: 2,222 *15/100 = 333.3 shares. According to rounding policy, the shareholder A receives 333 new shares and fractional shares of 0.3 will be cancelled.
- Transfer restriction: none
- Time of implementation: expected in Q3.2020 after being approved the State Securities Commission of Vietnam (SSC).