On October 24, 2022, the BOD of Innovative Technology Development Corporation approved the implementation of the plan to increase its charter capital in 2022 with details as follows:
- Plan for stock issuance to pay dividend:
- Expected issue volume: 2,127,146 shares
- Total value of issue (at par value): VND21,271,460,000
- Exercise ratio: 10% (10:1) (Those who own 10 shares will receive 01 new share)
- Time of implementation: expected in November 2022 or December 2022
- 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 owns 3,578 shares. With 10% performing ratio, the shareholder A will receive: 3,578 *10% = 357,8 shares. According to rounding policy, the shareholder A will receive 357 new shares and the fractional shares of 0.8 share will be cancelled.
- Plan for stock issuance under ESOP:
- Expected issue volume: 1,063,573 shares
- Issue price: VND10,000/share
- Total value of issue (at par value): VND10,635,730,000
- Issue ratio: 05%
- Transfer restriction: 01 year from the ending of the issuance
- Plan to deal with undistributed shares: the undistributed shares (if any) will be decided by the Chief Executive Officer to distribute to other employees with the selling price is not less than the issuance price.
- Time of implementation: expected in November 2022 or December 2022
- Approved the stop to implement the plan for share public offering with the rate of 25%, equivalent to 5,317,866 shares according to the Annual General Meeting 2022 dated June 30, 2022.
- Approved the list of employees purchasing shares in the stock issuance under ESOP.
- Approved the registration, depository and listing for additional issuance shares.