VPB stock dividend 2017 - Payment 1
Ngân hàng TMCP Việt Nam Thịnh Vượng(VPB)Ngân hàng TMCP Việt Nam Thịnh Vượng (VPB) announces stock dividend for year 2017, payment 1 with ratio 100:30.217 (shareholders holding 100 shares will receive 30.217 additional shares). With over 7.93 billion outstanding shares, the company is estimated to issue an additional approximately 2.4 billion shares to distribute dividends to shareholders.
Ex-Dividend Date
Record Date
+30.217 shares/100 shares
- Execution ratio: 100:30.217.
- Explanation: At the record date, shareholders holding 100 shares will receive 30.217 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 VPB. According to the stock dividend ratio of 100:30.217, the number of shares shareholder A will receive is (222 x 30.217)/100 = 67,082 new shares. According to the rounding and fractional share rules, shareholder A will receive 67 shares. Fractional shares (0.08174 shares) will be cancelled.