DCL Stock Dividend on 8/5/2016 | CoTuc
CTCP Dược phẩm Cửu Long(DCL)CTCP Dược phẩm Cửu Long (DCL) announces stock dividend for year 2015, payment 1 with ratio 100:40 (shareholders holding 100 shares will receive 40 additional shares). With over 73.04 million outstanding shares, the company is estimated to issue an additional approximately 29.22 million shares to distribute dividends to shareholders.
Ex-Dividend Date
Record Date
Payment Date
+40 shares/100 shares
- Execution ratio: 100:40.
- Explanation: At the record date, shareholders holding 100 shares will receive 40 new shares.
- Rounding policy: For fractional shares (if any) arising when shareholders exercise their rights, to ensure the number of shares issued does not exceed the planned issuance, the number of shares shareholders receive will be rounded down to the nearest whole number. Fractional shares arising from rounding when distributing to existing shareholders will be cancelled.
- Example: At the record date, shareholder A holds 222 shares DCL. According to the stock dividend ratio of 100:40, the number of shares shareholder A will receive is (222 x 40)/100 = 88.8 new shares. According to the rounding and fractional share rules, shareholder A will receive 88 shares. Fractional shares (0.8 shares) will be cancelled.
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