CMX: Resolution on plan to deal with fractional shares - Revised
Ca Mau Frozen Seafood Processing Import Export Corporation announced a resolution of the Board of Directors date July 09, 2013 as follows:
- The Board of Directors approved a plan to deal with fractional shares in the issuance to pay stock dividend with ratio 16.7% as follows:
+ The dividend shares will be rounded down. The fractional shares will be canceled.
For example, on the record date, shareholder A owns 7 shares. Shareholder A has the right to receive: (7*1/6) = 1.16 shares. However, after rounded down, the real number of shares shareholder A receives is 1 share.
HOSE
