DVM: Payment of 2024 Stock Dividend
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: 10:1 (Shareholders are entitled to 1 new share for every 10 shares they own)
- Principle of rounding and handling fractional shares: The number of shares to existing shareholders will be rounded down to the whole number, the fractional shares (if any) will be removed.
- For example: on the record date, shareholder A who owns 186 shares is entitled to receive 186*10/100 = 18.60 shares. According to the principle of rounding, shareholder A will receive 18 shares, the 0.6 fractional shares will be removed.
- 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 Vietnam Medicinal Materials Joint Stock Company, Area 8, Phu Ninh commune, Phu Ninh district, Phu Tho province on working days. 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
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