SBA: 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: 20:1 (Shareholders are entitled to receive 1 new share for every 20 shares they own)
- Principle of rounding and handling fractional shares (if any): The number of shares for shareholders will be rounded down to the whole number. The decimal fractional shares (if any) will be removed.
- Example: On the record date, shareholder who owns 164 shares is entitled to receive (164/20)*1 = 8.2 new shares. According to the above principle, shareholder will receive 8 new shares, the 0.2 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 Headquarters of Song Ba Joint Stock Company, 573 Nui Thanh, Hoa Cuong ward, Da Nang city. ID cards (for individuals) and Share Ownership Certificate (for institutions) 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.
Song Ba 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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