On January 24, 2022, the Hochiminh Stock Exchange issued an Announcement No.115/TB-SGDHCM about the record date of Innovative Technology Development Corporation as follows:
- Ex-right date: February 08, 2022
- Record date: February 09, 2022
1) Reason & Purpose: to pay stock dividend for 2020.
2) Content:
- Expected issue volume: 2,279,113 shares
- Exercise ratio: 100:12 (shareholder who owns 100 shares will receive 12 new shares.)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owned 3,578 shares. With 100:12 performing ratio, the shareholder A will receive: 3,578 *12/100 = 429.36 shares. According to rounding policy, the shareholder A receives 429 new shares and fractional shares of 0.36 will be cancelled.
- Place of implementation:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.
+ Shareholders whose shares have not been deposited: at Innovative Technology Development Corporation.