PBP: Payment of 2025 stock dividend
Viet Nam Securities Depository and Clearing Corporation (VSDC) - Hochiminh Branch would like to announce the record date of corporate action processing for the Securities registering institution as follows:
- Payment rate: 100:8.5 (Shareholder owning 100 shares is entitled to receive 8.5 new shares)
- Principle of Rounding, Handling Fractional Shares (if any): The number of shares additionally issued for dividend payment will be rounded down to the whole number. The decimal fractional shares (if any) will be cancelled.
Example: On the record date, shareholder A owns 350 shares. At that time, the number of shares shareholder A receives is (350*8.5/100)=29.75 shares. After rounding down to the nearest unit, the number of shares shareholder A actually receives is 29 shares. The fractional part of 0.75 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 Petrovietnam Packaging Joint Stock Company, Lot A1-3, Tra Kha industrial zone, Bac Lieu ward, Ca Mau 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.
Petrovietnam Packaging 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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