The Board resolution dated June 15, 2022, the BOD of SMC Trading Investment Joint Stock Company approved the record date to pay stock dividend for 2021 as follows:
- Record date: June 29, 2022
- Exercise ratio: 100:20 (Those who own 100 shares will receive 20 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units. The fractional shares will be cancelled.
- For example: at the record date, shareholder A owns 101 shares. With 20% exercise ratio, the shareholder A will receive: 101 * 20/100 = 20.20 shares. Accordingly, the shareholder A will receive 20 new shares and the fractional shares of 0.20 share will be cancelled.