FPT expect to pay 55% dividend

FPT shareholders are expected ro receive 55% dividend.

According to the Resolution of Resolution of FPT Board of Directors signed on March 11, 2014 General Shareholder Meeting will approve two major contents including the profit allocation plan in 2013 and the issuance of shares for employees in the 2014-2016 period.

Particularly, FPT plans to pay cash dividend for the whole year 2013 at 30,000 dongs per share (30%). 15% dividend was paid in advance in 2013. The remaining dividend will be paid after 2014 GSM gives approval for it.

FPT Corporation also recommends 25% stock dividend (issuing a new share for every 4 shares held). Additional shares will be listed right after their issuance.

2014 GSM will also approve payment of cash dividend in 2014 with the expected rate of 20%. The payment amount of cash dividend for the entire 2014 will be decided by the 2015 GSM.

For the issuance of shares for employees in the 2014-2016 period, FPT Corp will issue restricted shares for outstanding employees who had remarkable contribution to the company and talented men in the 2014-2016 period.

There will be three issues respectively in 2015, 2016 and 2017. Each one will be made just after previous year’s audit report is published.

Besides key contents, reports by Board of Directors and the Supervisory Board will be approved.

Going according to plan, 2014 General Shareholder Meeting will be held at Daewoo hotel, No. 360 Kim Ma, Hanoi.