VPBank, PNJ... employees will soon be able to buy preferential shares at prices far lower than those on the stock exchange.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank - stock code VPB) has just announced the implementation of the plan to sell treasury shares under the employee stock option program (ESOP) in 2023. Accordingly, VPBank plans to issue an additional 30.2 million new shares at VND10,000/share to employees. With the above price, the total issuance value calculated at par value is nearly VND302.2 billion.

Currently, VPB shares on the stock exchange are priced at VND22,400. So employees will be able to buy at a price less than half. The subjects eligible to buy VPBank's ESOP shares are Vietnamese employees who meet the regulations on treasury stock offering. In addition, members of the bank's Board of Directors and foreign employees will not be allowed to buy shares sold in the ESOP program.

VPB employees will soon be able to buy ESOP shares at half the price on the stock exchange.

Shares offered to employees will be restricted from transfer for a maximum of 3 years from the closing date of the offering (the date when the money for the shares is collected from employees). Specifically, after 1 year from the closing date of the offering, 30% of the shares will be released. After 2 years, 35% of the shares will be released again and after 3 years, the remaining 35% will also be released.

The Board of Directors of Phu Nhuan Jewelry Joint Stock Company (stock code PNJ) has just announced a resolution to implement the plan to issue shares to key leaders of PNJ and member companies based on the 2022 after-tax profit results under the 2023 ESOP program, which has been approved by the Annual General Meeting of Shareholders.

According to the plan, PNJ plans to issue 6.6 million ESOP shares (equivalent to 2% of outstanding shares) at a price of VND 20,000 to members of the Board of Directors, Executive Board, key officers, key employees... Implementation time is in 2023. Currently, PNJ shares on the stock exchange are priced at VND 81,200. Thus, the company's leaders and key employees will be able to buy shares at a price of only 25% of the stock exchange price.

The issued shares will be restricted from transfer within 1 year; from the 2nd year, 30% of the shares will be released; in the 3rd year, another 30% of the shares will be released and the remaining shares will be released after 3 years. In addition, PNJ also approved the implementation of the company's grassroots union plan to buy back ESOP shares in 2019, 2020, 2021 and corresponding bonus shares from officers and employees who leave during the transfer restriction period.

Similarly, the Board of Directors of Vinh Hoan Joint Stock Company (stock code VHC) has just passed a resolution on the issuance of more than 3.66 million shares, equivalent to 2% of outstanding shares under the ESOP program in 2022. The issuance price is VND 10,000, much lower than the market price of VND 77,600 of VHC on the stock exchange. The number of ESOP shares will be restricted from transfer for a period of 5 years from the date of issuance. Starting from the end of the first year (12 months after the date of ESOP issuance), the shares will be transferred at the corresponding rates according to regulations...

Source: https://thanhnien.vn/nhan-vien-vpbank-pnj-sap-duoc-mua-co-phieu-uu-dai-voi-gia-thua-xa-tren-san-185230914165639331.htm