Vietjet seeks shareholders opinion on dividend payout

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Vietjet seeks shareholders opinion on dividend payout

Vietjet seeks shareholders opinion on dividend payout

The Board of Directors of Vietjet Aviation Joint Stock Company (stock code HoSE: VJC) approved on November 29, 2017 a resolution finalizing the shareholders list to collect shareholder opinion on increasing the 2017 estimated dividend payout ratio from 50 percent to 60 percent, including a maximum 40 percent cash dividend payment.

If being approved, the 2017 estimated dividend payout ratio would be 60 percent, of which the cash dividend would rise from 30 percent to 40 percent. The purpose of this opinion collection exercise is to make necessary arrangements for the second dividend advanced payment in 2017.

In addition, Vietjet will also collect the opinion of shareholders on the change of its business lines and the address of its headquarters to No. 302/3 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi City. The registration deadline for submitting opinion in writing is December 19, 2017.

In mid-August this year, Vietjet advanced VND 645 billion (around USD 28.5 million) as 20 percent cash dividend payment for 2017. Before that, Vietjet also paid a 40 percent bonus share dividend and finalized the 2016 cash and bonus share dividend payment at the rate of 119 percent.

Source = Vietjet
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