PET: Plan for stock issuance to pay dividend for 2021
HOSE - 02/12/2022 4:49:00 PM
The Board resolution dated December 01, 2022, the BOD of Petrovietnam General Services Corporation approved the plan to issue shares for 2021 dividend payment with details as follows:
- Stock name: Petrovietnam General Services Corporation
- Stock code: PET
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 90,450,124 shares
- Number of treasury shares: 612,700 shares
- Number of outstanding shares: 89,837,424 shares
- Number of shares expected to be issued: 8,983,742 shares
- Exercise ratio: 10% (100:10 (Those who own 100 shares will receive 10 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 95 shares. With 10% exercise ratio, the shareholder A will receive: 95*10/100 = 9.5 shares. According to rounding policy, the shareholder A will receive 09 new shares and fractional shares of 0.5 share will be cancelled.
- Time of implementation: expected in 2022-2023, after being approved by the State Securities Commission of Vietnam (SSC).
- Plan for using capital from the issuance: will be used to supplement working capital.
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