TPB Stock Bonus on 12/1/2020 | CoTuc

- Execution ratio: 10000:218.

- Explanation: At the record date, shareholders holding 10,000 shares will receive 218 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 10000:218, the number of shares shareholder A will receive is (222 x 218)/10000 = 4.84 new shares. According to the rounding and fractional share rules, shareholder A will receive 4 shares. Fractional shares (0.8396 shares) will be cancelled.