GMC: Record date for stock issuance to pay dividend

On June 05, 2019, the Hochiminh Stock Exchange issued Announcement No.825/TB-SGDHCM about the record date of Garmex Saigon Corporation as follows:

–       Ex-right date: June 20, 2019

–       Record date: June 21, 2019

–       Reason & purpose: Stock issuance to pay dividend for 2018.

–       Content:

• Exercise ratio: 15% (100:5) (Shareholder who owns 100 shares will receive 15 new shares).
• Expected issue volume: 2,325,954 shares
• Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled
• For example: At the record date, shareholder A owned 105 shares. With 15% performing ratio, the shareholder A will receive: 105 * 15/100 = 15.75 shares. According to rounding policy, the shareholder A receives 15 new shares. The fractional shares of 0.75 will be cancelled.
• Place of payment:

+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.

+ Shareholders whose shares have not been deposited: at 252 Nguyen Van Luong, ward 17, Go Vap, Hochiminh.