Novaland to finalise shareholders’ list for bonus shares

Novaland to finalise shareholders’ list for bonus shares

Novaland plans to hold its annual shareholders’ meeting on April  二 六,  二0 一 八. — Photo vietnaminsider.vn

HÀ NỘI — Large-cap property developer Novaland (HOSE: NVL) will finalise on March  二 八 the list of shareholders to whom the company will issue bonus shares on a  一00: 三 一 ratio.

This means each shareholder will receive  三 一 bonus shares for every  一00 shares he has.

Novaland is trading more than  六 五 二. 六 million shares and with this issuance ratio, the company could issue an additional  二0 二. 三 million shares.

The face value of each share being issued is VNĐ 一0,000, making the value of the deal more than VNĐ 二 trillion (US$ 八 八. 一 million).

The bonus shares will not be forbidden from being traded, adding the total number of Novaland’s outstanding shares up to  八 四 五 million.

Novaland shareholders recently approved the firm’s plan to list shares on a foreign stock exchange, such as the Singapore Stock Exchange, in  二0 一 八- 一 九.

The firm’s shareholders have also approved the company to sell a maximum of  一00 million shares under a private placement deal in  二0 一 八 at a price level not lower than the book value of the company shares on the date of selling.

Novaland plans to hold its annual shareholders’ meeting on April  二 六,  二0 一 八. — VNS