Ree Joint Stock Company (REE on HoSE) has just announced the resolution of its Board of Directors to approve the implementation of the plan to issue bonus shares for 2024 dividends.
Accordingly, REE plans to issue nearly 70.7 million shares to pay 2024 dividends to shareholders at a ratio of 100:15, meaning that for every 100 shares owned, shareholders will receive 15 new shares. The newly issued shares will not be restricted from transfer after listing.
The total value of the issuance, based on par value, is over VND 706.5 billion. The capital source will come from the company’s undistributed post-tax profits.
The issuance will take place immediately after the State Securities Commission (SSC) announces the receipt of the issuance report.
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Previously, on April 4, 2025, REE paid 2024 dividends to shareholders in cash at a rate of 10%, meaning that for every share owned, shareholders received VND 1,000.
With more than 471 million REE shares currently circulating in the market, the company is estimated to have paid out approximately VND 471 billion for this cash dividend payment.
In another development, REE recently announced the results of the trading report of its insiders and related persons.
According to the report, from April 17, 2025, to May 16, 2025, the Singapore-based fund Platinum Victory Pte. Ltd. was unable to purchase nearly 16.04 million REE shares as registered due to unfavorable market conditions.
Immediately after, the foreign fund continued to register to buy nearly 16.04 million REE shares aiming to purchase ownership. The transaction is expected to take place from May 22, 2025, to June 20, 2025, by matching or order matching method on the stock exchange or through the Vietnam Securities Depository.
If the transaction is successful, Platinum Victory Pte. Ltd. will increase its ownership of REE shares from over 195.87 million shares to nearly 211.91 million shares, equivalent to an increase in ownership ratio from 41.59% to 44.99%.
It is known that the representatives of Platinum Victory Pte. Ltd. currently include Mr. Hsu Hai Yeh, a member of REE’s Board of Directors, and Mr. Alain Xavier Cany, Vice Chairman of the Board.
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