SeABank issues 110 million shares for dividend payment

Tuesday, Jul 13, 2021 08:44

SeABank's employees and customers wearing masks during transactions. — VNA/VNS Photo

Southeast Asia Commercial Joint Stock Bank (SeABank, SSB) said that it will issue more than 110 million additional shares to pay 2020’s dividend at a rate of 9.12 per cent, as well as issue 23.5 million shares for employees (ESOP).

The capital to issue dividend stocks is from the accumulated undistributed profit after tax according to the consolidated audited financial statements for 2020.

The last registration date to exercise the right to receive dividend stocks is July 26 with a rate of 9.12 per cent.

In June, SeABank was approved by the State Bank of Vietnam (SBV) and the State Securities Commission (SSC) to increase the maximum charter capital by more than VND2.697 trillion through the form of stock issuance to pay dividends from 2020’s retained earnings after allocating provision funds, issuing stocks for existing shareholders and preferred shares for employees.

In March, the bank was officially listed on the Ho Chi Minh Stock Exchange (HoSE) with ticker symbol SSB. — VNS

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