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VFG: Board resolution on ESOP

Jul 12th at 17:03
12-07-2018 17:03:51+07:00

VFG: Board resolution on ESOP

According to the Board resolution dated July 12, 2018, the Board of Directors of Viet Nam Fumigation Joint Stock Company approved the employee stock ownership plan (ESOP) in 2018 as follows:

-          Financial resource for ESOP: the accumulated undistributed profit in the 2017 audited financial statements (VND374.182 billion).

-          Stock: Stock of Viet Nam Fumigation Joint Stock Company

-          Stock type: common stock

-          Par value: VND10,000/share

-          Issue ratio: 3%/charter capital, equivalent to 713,106 shares

-          Time of ESOP: The ESOP will be executed within 03 years from the date when the State Securities Commission announces that it receives enough dossiers.

-          Restriction period: 03 years from the issue date.

-          Issue date: after the date of receipt of approval from the State Securities Commission.

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