Frequently Asked Questions (FAQ)

– The date on which the Vietnam Securities Depository (VSDC) closes the list of securities owners entitled to exercise the relevant rights according to previously announced information. The last registration date is the working day following the ex-rights trading date of the securities.

The rights payment date, also known as the rights exercise date, is the date on which the received rights value will be returned to the Investor’s securities account according to the shareholder list closed on the last registration date.

– Deposited securities: information on the rights of securities owners will be monitored on the account system of depository members and Vietnam Securities Depository and Clearing Corporation (VSDC). When exercising rights, VSDC will automatically account for and allocate rights to securities owners through the securities owners’ accounts opened at depository members.

– Undeposited securities: information on the rights of securities owners will be monitored on the account system at VSDC. When exercising rights, securities owners will come to exercise rights at the Issuer or at VSDC (in case the issuer authorizes VSD to exercise).

It is the right of the Enterprise to issue additional shares to Shareholders to pay dividends from retained profits from business results or undistributed profits according to the list of rights finalizing on the last registration date announced earlier. On the payment date (the date of exercising the rights), the value of the received stock dividends/stock bonuses will be automatically recorded in the securities account of the investor who has finalized the rights

It is the right to purchase shares at a preferential price for shareholders at a certain rate according to the list of closing rights on the last registration date announced in advance and the beneficiary will register to purchase within the time period specified by the issuing organization (enterprise). If the beneficiary does not register to purchase the rights within the specified time period, it is considered as refusing to receive the rights.

According to regulations, investors will be subject to tax on the income received from the right to receive cash dividends; the right to receive stock dividends or bonus stocks.

The amount of personal income tax payable = Value of cash dividends x tax rate of 5%.

The amount of personal income tax payable = Value of shares paid as dividends or bonus stocks at the time of transfer x tax rate of 5%

– Issuance of convertible bonds (including issuance to existing shareholders).

– Issuance of individual securities, offering securities to investors who are not existing shareholders.

– Issuance of shares under the employee stock option program in the company.

– Issuance of additional shares under the swap plan from merger transactions.

– Listed organizations implementing charter capital reduction.

– Offering treasury shares to existing shareholders.

– Other issuance cases that do not affect the rights of existing shareholders.

– Cash dividends: the amount of personal income tax from the dividend value will be automatically deducted from the actual dividend received by the Investor on the date of exercising the rights.

– Dividends in shares or bonus shares: when the investor sells shares received from dividends or bonus shares, the amount of personal income tax from the value of these rights will be automatically deducted from the actual sale proceeds of the shares.

– Right to pay cash dividends.

– Right to pay dividends in shares, bonus shares.

– Right to buy additional issued shares.

– In case the rights are combined.

P’: Adjusted reference price

P: Non-exercise reference price

ß: Dividend ratio in shares (or bonus shares

For example: The reference price without exercising rights of stock XXX is 11,000 VND/share; the dividend rate (or bonus shares) is 10%, then the reference price adjusted for rights = 11,000/(1+10%)= 10,000 VND/share