AsemconnectVietnam - On June 7, Asia Commercial Joint Stock Bank (ACB) has just sent a report to the Ho Chi Minh City Stock Exchange (HOSE) announcing the change in the number of voting shares and the change in charter capital.

ACB issued 506,615,264 shares to pay dividends in 2022, thereby increasing the total number of outstanding shares from 3,377 million shares to 3,884 million shares. Equivalent charter capital increased from VND33,774 billion to VND38,840 billion.
Previously, ACB announced June 2, 2023 as the last registration date to exercise the right to pay dividends in 2022 in cash and shares.
The rate of cash dividend payment is 10% (1 share will receive VND1,000). With nearly 3,377 million shares outstanding, it is estimated that ACB will have to spend more than VND3,377 billion for this dividend. Expected payment date is 12/6/2023.
Regarding the plan to pay dividends in shares, ACB plans to issue more than 506.6 million shares, the total issuance value at par value is equivalent to VND5,066 billion.
The execution rate is 15% (shareholders owning 100 shares will receive 15 new shares). Capital issued from profits can be used to pay dividends in 2022.
Thus, after 7 years, ACB shareholders will receive a cash dividend payment. The last time ACB paid a cash dividend was in 2015, at the rate of 7% (1 share received VND700) and with nearly 896 million shares outstanding then, ACB spent more than VND627 billion to dividend payment in 2014.
At the end of the first quarter of 2023, ACB reported a consolidated pre-tax profit of nearly VND5,157 billion, an increase of more than 25% compared to the first quarter of 2022, completing 26% of the 2023 business plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan