PTSC to issue shares for 2024 dividend, boosting capital

PetroVietnam Technical Services Corporation (PTSC) will issue shares to pay its 2024 dividend from undistributed profits, a plan approved by its Extraordinary General Meeting of Shareholders in October 2025. The company intends to issue 33,457,640 new shares, valued at VND 334,576,400,000 based on par value, to existing shareholders at a 7% ratio. This means shareholders will receive 7 new shares for every 100 shares held. Fractional shares will be rounded down and the remainder cancelled.

The share issuance will be funded by the company's retained earnings from its 2024 audited separate financial statements. After the issuance, the estimated charter capital will rise to VND 5,114,239,300,000, up from the current VND 4,779,662,900,000. These new shares will not be restricted from transfer. The issuance is expected to occur in 2025, pending regulatory approvals from relevant authorities and the State Securities Commission.

Following the issuance, all new shares will be registered for additional listing on the Hanoi Stock Exchange and for supplemental deposit with the Vietnam Securities Depository and Clearing Corporation (VSDC). The general director has been authorized to oversee all aspects of this share issuance.