TVS: payment of 2025 stock dividend
Viet Nam securities depository and clearing corproration (VSDC) would like to announce the record date of corporate action processing for the Securities registering institution as follows:
- Execution rate: 7% per share (Holders of 100 shares receive 7 new shares)
- Rounding method and treatment of fractional shares (if any): The number of dividend shares issued to each shareholder will be rounded down to the nearest whole number; any fractional shares resulting from this rounding down will be cancelled.
- Example: Shareholder A holds 124 shares. With an issuance ratio of 7%, the number of new shares Shareholder A receives is calculated as: 124 x 7/100 = 8.68 shares. Based on the aforementioned rounding principle, Shareholder A receives 8 new shares, and the fractional portion of 0.68 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 must complete procedures to receive the stock dividend at the Company’s headquarters—located at 15th Floor, Harec Building, 4 Lang Ha, Giang Vo Ward, Hanoi—and Identification cards or Business Registration Certificate, along with a letter of authorization (if applicable) 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.
Thien Viet 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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