Dividends & Corporate Actions
Payment
of dividends and other similar distributions by an Issuer is performed by the
Issuer’s Transfer Secretary. The role of VFEX Depository is to provide the
Transfer Secretary with the list of shareholders together with all relevant
details as at the record date.
In the events of other corporate actions such as bonus issue, rights issue,
share split and initial public offerings, securities are directly credited to
the securities accounts of holders in the CSD system. The issuer does not issue
share certificates to shareholders who already have securities accounts on the
CSD.