Vietjet finalizes shareholder list for additional 20% stock dividend.

Accordingly, the State Securities Commission of Vietnam (UBCKNN) requested Vietjet to issue shares according to the plan approved in the 2018 Annual General Meeting of Shareholders, Resolution No. 02-18/VJC-ĐHCĐ-NQ dated April 26, 2018, which approved the dividend distribution plan for 2017 at a rate of 60%, including 40% in cash and 20% in shares.

The Board of Directors of Vietjet has approved July 2nd, 2018 as the record date for the stock dividend payment, corresponding to June 29th, 2018 as the ex-dividend date. Each shareholder owning 10 shares will receive 2 new shares. After the dividend payment, Vietjet's charter capital will increase from VND 4,513 billion to over VND 5,416 billion.

Previously, the company paid out 40% of its 2017 dividends in cash.

Over the years, Vietjet has consistently paid dividends to shareholders at a high rate, sometimes exceeding 100%. In 2018, the company approved a plan to pay a dividend of 50%.

At the close of trading on May 18th, VJC shares were priced at 190,000 VND per share.

Phuong Linh - Lam Tue

The Thanh