MWG: Board Resolution _ Dec 16
MWG: Board Resolution _ Dec 16
Mobile World Investment Corporation announced main content of the Board Resolution dated December 16, 2014 as follows:
Article 1: In accordance with Resolution of Extraordinary General Meeting of Shareholders dated September 2014, The Board of Directors decided transfer restriction in the share issuance to ESOP and its subsidiaries:
- Number of shares to be issued to the management board and key managers of Mobile World Investment Corporation and subsidiaries will be subjected to transfer restrictions within 02 years. After the first year, 50% of the bought shares will be freely transferable. And, after the second year, 100% of the bought shares will be freely transferable
- If the employees terminate labor contract with the company for any reason, the company will buy employees’ shares at the price of VND10,000/shares as treasury shares.
- Finished date of the issuance: December 10, 2014
- Transfer restrictions time:
· From December 10, 2014 to December 10, 2015: restriction 100% of bonus shares to the management board and key managers of Mobile World Investment Corporation and subsidiaries.
· From December 11, 2015 to December 12, 2016: restriction 50% of bonus shares to the management board and key managers of Mobile World Investment Corporation and subsidiaries.
· From December 13, 2016: All bonus shares to the management board and key managers of Mobile World Investment Corporation and subsidiaries will be freely transferable.
Article 2: The Board of Directors assigned CEO to implement relating issues under the laws.
Article 3: This Resolution takes effect as from December 16, 2014.
HOSE
