TPB Stock Bonus on 12/10/2018 | CoTuc

- Execution ratio: 100000:19735.

- Explanation: At the record date, shareholders holding 100,000 shares will receive 19735 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 TPB. According to the stock dividend ratio of 100000:19735, the number of shares shareholder A will receive is (222 x 19735)/100000 = 43.812 new shares. According to the rounding and fractional share rules, shareholder A will receive 43 shares. Fractional shares (0.8117 shares) will be cancelled.