GEG: Payment of 2025 Stock Dividend for shareholders owning common shares
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: 100:5 issuance value (Shareholders owning 100 shares will receive 5 new shares);
+ For convertible preferred dividend shares: The right cannot be exercised.
- Rounding principal and share handling method: The number of shares each shareholder is entitled to will be rounded down to the whole number. Any fractional shares resulting from rounding down will be canceled.
Example: On the record date, shareholder A owns 222 common shares. According to the dividend payout ratio of 100:5, the number of shares shareholder A receives is: (222/100) x 5 = 11.1 shares. According to the rules on handling fractional shares, shareholder A will receive 11 shares. The decimal fraction (0.1 share) 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 Gia Lai Electricity Joint Stock Company 114 Truong Chinh Street, Pleiku Ward, Gia Lai Province. 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.
Gia Lai Electricity Joint Stock Company
and the parties involved in the process of preparing the dossier, documents of corporate action processin 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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4,265
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857
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37
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12,906,161
