The Board resolution dated August 19, 2022, the BOD of BenTre Pharmaceutical Joint Stock Company approved the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: BenTre Pharmaceutical Joint Stock Company
- Stock code: DBT
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 14,205,116 shares
- Number of treasury shares: 0 share
- Number of shares expected to be issued: 1,420,511 shares
- Total value of issuance (at par value): VND14,205,110,000
- Exercise ratio: 10% (10:01) (Those who own 10 shares will receive 01 new share)
- 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 126 shares. With 10:1 exercise ratio, the shareholder A will receive: 126 * 1/10 = 12.6 shares. According to rounding policy, the shareholder A will receive 12 new shares and the fractional shares of 0.6 share will be cancelled.
- Time of implementation: expected in Quarter III/2022, after being approved by the State Securities Commission of Vietnam (SSC).