TCH: Share issuance for raising share capital from owner's equity
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: 10:1 (shareholders are entitled to receive 1 new share for every 10 shares they own)
- Principle of rounding, handling fractional shares (if any):
+ Principle of rounding: For fractional shares (if any) arising when shareholders exercise their rights, in order to ensure that the number of issued shares does not exceed the number of shares expected to be issued, the number of shares issued will be rounded down to the whole number.
+ Principle of handling fractional shares: The decimal fractional shares (if any) will be removed.
- Example: On the record date, shareholder A who owns 123 shares are entitled to receive (123x1)/10=12.3 shares. According to the principle of rounding, shareholder A will receive 12 shares, the 0.3 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 the head office of the company. 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.
Hoang Huy Investment Financial Services 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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