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KHP: Plan for stock issuance to pay dividend for 2021
HOSE - 4/19/2022 9:13:00 AM
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The Board resolution dated April 14, 2022, the BOD of Khanh Hoa Power Joint Stock Company approved the plan to issue shares for 2021 dividend payment with details as follows:

-          Stock name: Khanh Hoa Power Joint Stock Company

-          Stock type: common share

-          Par value: VND10,000/share

-          Stock code: KHP

-          Number of shares issued: 58,971,442 shares

-          Number of outstanding shares: 57,471,442 shares

-          Number of treasury shares: 1,500,000 shares

-          Number of shares expected to be issued: 1,436,786 shares

-          Total value of issue (at par value): VND14,367,860,000

-          Issue rate: 2.5% (1000:25) (Those who own 1,000 shares will receive 25 new shares)

-          Expected charter capital before the issuance: VND604,082,280,000

-          Plan to deal with fractional shares: The distributed shares will be rounded down to units and the fractional shares will be cancelled.

-          For example: at the record date, shareholder A owns 386 shares. With 1000:25 performing ratio, the shareholder A will receive: 386*25/1000 = 9.65 shares. According to rounding policy, the shareholder A will receive 09 new shares and fractional shares of 0.65 share will be cancelled.

-          Time of implementation: 2022, after being approved by the State Securities Commission of Vietnam (SSC).

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