The Board of Directors of Duc Giang Chemicals Group Joint Stock Company approved a plan for the 2020 dividend payment as follows:
− Stock name: Stock of Duc Giang Chemicals Group Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Total issued volume: 148,766,943 shares
− Outstanding volume: 148,766,070 shares
− Treasury shares: 873 shares
− Estimated issue volume: 22,314,910 shares
− Total issue value: VND223,149,100,000.
− Issue ratio: 15% (those who own 20 shares will receive 03 new shares)
− Financial resource: the undistributed after-tax profit
− Issue date: in April or May 2021
− Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.
For example, on the record date, shareholder A owns 102 shares. Shareholder A will receive: 102 x 3 = 15.3 shares. After rounded down, the real number of shares shareholder A receives will be 15 shares. The fractional part (0.3) will be cancelled.