TCX: Payment of 2024 stock Dividend
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:
- Payment rate: 5:1 (Shareholder owning 5 shares is entitled to receive 1 new share)
- Rounding method, handling of fractional shares (if any): Shares issued to pay dividends will be rounded down to whole number. Fractional shares (if any) will be cancelled.
Example: On the record date for shareholders to exercise their right to receive stock dividends, shareholder Nguyen Van A owns 503 shares. With a ratio of 5:1, shareholder A will receive (503 x 1) / 5 = 100.6 newly issued shares as dividend payment. According to the rounding principle above, the number of new shares shareholder A receives is 100 shares. The fractional shares (0.6 shares) will be cancelled.
- Payment place:
+ The holders whose shares have been deposited will receive dividend at the depository member where they opened depository account.
+ The holders whose shares have not been deposited will receive dividend at Techcom Securities Joint Stock Company. Valid legal documents 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.
Techcom Securities Joint Stock Company and the parties involved in the process of preparing the dossier, documents of corporate action processing are fully responsible before the law for the legality, accuracy, truthfulness and completeness of the dossier; Institutions and individuals participating in the confirmation of records and documents shall be legally responsible within the scope related to such records and documents as prescribed in Clause 1, Article 11a of the Securities Law No. 54/2019/QH14 dated 26/11/2019, supplemented by Clause 4, Article 1 of Law No. 56/2024/QH15 dated 29/11/2024.
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46,635|6,436
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0
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4,211
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857
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37
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12,906,161
