SeABank has decided to pay dividends in shares and receive issued shares at a total rate of nearly 13.6% to increase capital to VND 28,350 billion.

Công LuậnCông Luận21/08/2024


Accordingly, SeABank will issue 329 million shares to pay dividends in 2023 and issue an additional 10.3 million shares to increase equity capital, equivalent to a total ratio of nearly 13.6%. August 26, 2024 is the last registration date to exercise the right to receive dividends and receive shares issued to increase capital from equity.

Seabank closes dividend payout in the form of shares and receives issued shares at a total ratio of nearly 136 to increase capital to VND 28,350 billion.

After completing the two above-mentioned share issuances, SeABank's charter capital will increase by VND3,393 billion, from VND24,957 billion to VND28,350 billion. This plan is part of the capital increase roadmap approved by SeABank's 2024 Annual General Meeting of Shareholders (AGM) and based on the written approval of the State Bank and the State Securities Commission.

In 2024, the Bank will also issue 45 million ESOP shares in 2024 to employees selected based on seniority and performance criteria. In addition, SeABank plans to issue up to 120 million shares in private placement and/or issue shares to convert debt to continue increasing charter capital to VND30,000 billion. This plan will be implemented in 2024 or 2025.

The increase in charter capital is important for SeABank to comprehensively grow its indicators, especially promoting the implementation of the sustainable growth and development strategy (ESG). In particular, the Bank sets a business target for 2024 with pre-tax profit reaching more than VND 5,888 billion, an increase of 28% compared to 2023.

Information about SeABank

Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with more than 3.2 million customers, nearly 5,500 employees and 181 transaction points nationwide. SeABank's goal is to become a typical retail bank with a customer-centric strategy by providing a diverse system of financial products and services to individuals, small businesses and large enterprises. SeABank is considered one of the pillars in the banking system with a charter capital of VND 24,957 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement Basel III international risk management standards.

According to the development strategy of "Digital Convergence", SeABank focuses on digitizing products and services as well as applying technology in internal operations and investing in building modern technology infrastructure to optimize processes, increase operational efficiency, bring customers a different experience of digital banking services, aiming to become the most favorite retail bank.



Source: https://www.congluan.vn/seabank-chot-quyen-chia-co-tuc-bang-co-phieu-va-nhan-co-phieu-phat-hanh-tong-ty-le-gan-136-de-tang-von-len-28350-ty-dong-post308599.html

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