SCL capital issue 2024 - Payment 1
CTCP Sông Đà Cao Cường(SCL)CTCP Sông Đà Cao Cường (SCL) announces capital issue for year 2024, payment 1 with ratio 28:10 (shareholders holding 28 shares can purchase 10 shares at 12,500 VND/share).
Ex-Dividend Date
Record Date
12,500 VND/share
- Execution ratio: 28:10.
- Explanation: Each share is entitled to 1 right, shareholders holding 28 shares can purchase 10 new shares
- Execution price: 12.500 VND / share.
- 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.
- Policy for fractional shares and unsubscribed shares: The remaining shares not fully subscribed include:
- 1. Shares remaining due to existing shareholders declining to purchase part or all of the offering.
- 2. Fractional shares arising from rounding down when calculating the number of shares existing shareholders can purchase according to the offering ratio.
These remaining shares will be offered by the Board of Directors to other investors under conditions no more favorable than those offered to existing shareholders.
Other investors purchasing unsubscribed shares as decided by the Board of Directors will be restricted from transferring for 1 year from the end of the offering period.
In case the share distribution period expires according to regulations (including any extension period if applicable), if there are still undistributed shares, these shares will be cancelled and the Board of Directors will decide to end the issuance.
- Example: At the record date for the additional share offering, shareholder A holds 222 shares SCL. According to the share issuance ratio of 28:10, shareholder A will receive additional purchase rights for: (222 x 10)/28 = 79,286 new shares. According to the rounding and fractional share rules, the number of shares shareholder A is entitled to purchase is 79 shares at the price of 12.500 VND / share.