The Board of Directors of DABACO Group approved to announce a record date for the 2020 dividend payment as follows:
− Record date: June 11, 2021
− Purpose: to make the 2020 dividend payment
− Issue ratio: 10:1 (those who own 10 shares will receive 01 new share)
− 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 11 shares. Shareholder A will receive: 11 x 10:1 = 1.1 shares. After rounded down, the real number of shares shareholder A receives will be 1 shares. The fractional part (0.1) will be cancelled.