Viet Nam Securities Depository and Clearing Corporation (VSDC) would like to announce the record date of corporate action processing for the Securities registering institution as follows:
- Execution rate: 10 : 2 (shareholders owning 10 share will receive 3 new shares)
- Principle of rounding and handling fractional shares (if any): the number of shares issued to existing shareholders will be rounded down to the whole number. The fractional shares (if any) will be removed.
- For example: Shareholder A owns 115 shares on the record date will receive (115/10)x3 = 34.5 shares. According to the rounding principle, shareholder A will receive 34 shares, the 0.5 fractional shares will be removed.
- Payment place:
+ The holders whose shares have been deposited will receive shares at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will receive shares at Danang rubber joint stock company, (Lot G, Ta Quang Buu Street, Hoa Hiep Bac Ward, Lien Chieu District, Da Nang City, Vietnam). ID cards have to be presented.
Coordination details and procedures for corporate action processing for holders of the above securities between VSDC, the Securities registering institution and depository members are specified in the Guideline on corporate action processing for securities holders at VSDC