On June 15, 2022, SMC Trading Investment Joint Stock Company announces the stock issuance for dividend payment to existing shareholders as follows:
- Stock name: SMC Trading Investment Joint Stock Company
- Stock type: common share
- Par value: 10,000 dongs
- Number of shares issued: 60,994,691 shares
- Number of outstanding shares: 60,922,941 shares
- Number of treasury shares: 71,750 shares
- Number of shares expected to be issued: 12,184,588 shares
- Total value (based on par value): 121,845,880,000 dongs
- Issue ratio: 20% (100:20) (Shareholder who owns 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.
- Record date: June 29, 2022.