BIG stock dividend 2023 - Payment 1
CTCP Big Invest Group(BIG)CTCP Big Invest Group (BIG) announces stock dividend for year 2023, payment 1 with ratio 2,867:150 (shareholders holding 2,867 shares will receive 150 additional shares). With approximately 14.34 million outstanding shares, the company is estimated to issue an additional 750,000 shares to distribute dividends to shareholders.
Ex-Dividend Date
Record Date
+150 shares/2867 shares
- Execution ratio: 2867:150.
- Explanation: At the record date, shareholders holding 2.867 shares will receive 150 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 BIG. According to the stock dividend ratio of 2867:150, the number of shares shareholder A will receive is (222 x 150)/2867 = 11,615 new shares. According to the rounding and fractional share rules, shareholder A will receive 11 shares. Fractional shares (0.614928496686431 shares) will be cancelled.