TCB: Shares issuance for dividend payment to existing shareholders
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: 50%/share (shareholders are entitled to receive 50 new shares for every 100 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 cancelled/ not be issued.
For example: On the record date for a stock dividend distribution, shareholder A holds 503 shares. Given an execution rate of 50%, shareholder A is entitled to receive a number of newly issued shares as a dividend, calculated as 503 shares × 50% = 251.5 shares. Based on the aforementioned rounding rule, shareholder A will receive 251 new shares. The fractional share (0.5 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 complete the procedures for receiving dividends in the form of shares at Techcom Securities Joint Stock Company. Valid legal documents 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.
Vietnam Technological and Commercial Joint Stock Bank 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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