CHP stock dividend 2019 - Payment 1
CTCP Thủy điện Miền Trung(CHP)CTCP Thủy điện Miền Trung (CHP) announces stock dividend for year 2019, payment 1 with ratio 50:3 (shareholders holding 50 shares will receive 3 additional shares). With over 146.91 million outstanding shares, the company is estimated to issue an additional over 8.81 million shares to distribute dividends to shareholders.
Ex-Dividend Date
Record Date
+3 shares/50 shares
- Execution ratio: 50:3.
- Explanation: At the record date, shareholders holding 50 shares will receive 3 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 CHP. According to the stock dividend ratio of 50:3, the number of shares shareholder A will receive is (222 x 3)/50 = 13,32 new shares. According to the rounding and fractional share rules, shareholder A will receive 13 shares. Fractional shares (0.32 shares) will be cancelled.