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AAA: BOD approved to issue shares for 2019 dividend payment

Thursday, 03/09/2020
AAA: BOD approved to issue shares for 2019 dividend payment

     The Board resolution dated September 01, 2020, the BOD of An Phat Bioplastics Joint Stock Company approved the plan to issue shares for 2019 dividend payment with the following details:

-          Stock name: An Phat Bioplastics Joint Stock Company

-          Stock code: AAA

-          Stock type: common share

-          Par value: VND 10,000/share

-          Number of shares expected to be issued: 10,559,998 shares

-          Purpose: to pay stock dividend for 2019.

-          Issue ratio: 100:5 (shareholder who owns 100 shares will receive 05 new shares)

-          Plan to deal with fractional shares: The distributed shares will not be rounded down, the fractional shares will be decided by the BOD with the selling price of VND 10,000/share.

-          For example: at the record date, shareholder A owned 2,222 shares. With 5% performing ratio, the shareholder A will receive: 2,222 *5/100 = 111.1 shares. According to rounding policy, the shareholder A receives 111 new shares and fractional shares of 0.1.

-          Transfer restriction: none

-          Time of implementation: expected in Q4.2020.

Theo HSX


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