ELC: Payment of 2025 stock dividend; Receipt of shares issued due to 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:
1. Payment of 2025 stock dividend
- Exercising ratio: 100:5 (shareholder owning 100 shares is entitled to 5 new shares).
- Principle of rounding, handling fractional shares: the number of issued shares will be rounded down to the whole number, the decimal fraction (if any) will be cancelled.
For example: Shareholder A owns 2,597 shares, with the exercise ratio of 100:5, the number of shares that shareholder A receives is: 2,597 x 5/100 = 129.85 shares. According to the rounding principle above, the number of new shares that shareholder A receives is 129 shares. The number of fractional shares (0.85 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 the Company's Headquarters - Elcom Building, Duy Tan Street, Cau Giay Ward, Hanoi City on working days of the week. ID cards have to be presented.
b. Receipt of shares issued due to raising share capital from owner's equity
- Exercising ratio: 100:2 (shareholder owning 100 shares is entitled to 2 new shares).
- Principle of rounding, handling fractional shares: the number of issued shares will be rounded down to the whole number, the decimal fraction (if any) will be cancelled.
For example: Shareholder A owns 2,597 shares, with the exercise ratio of 100:2, the number of shares that shareholder A receives is: 2,597 x 5/100 = 51.94 shares. According to the rounding principle above, the number of new shares that shareholder A receives is 51 shares. The number of fractional shares (0.94 shares) will be cancelled.
- 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 Company's Headquarters - Elcom Building, Duy Tan Street, Cau Giay Ward, Hanoi City on working days of the week. 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.
Elcom Technology Communications Corporation 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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