MB's charter capital exceeds 53,000 billion VND

After the issuance, the total number of MB's outstanding shares is more than 5.3 billion shares, equivalent to an increase in charter capital from VND52,871 billion to VND53,063 billion. Military Commercial Joint Stock Bank (MB - HoSE: MBB) has just reported the results of the issuance of shares under the employee stock option program (ESOP).

Accordingly, the bank has completed the distribution of 19.24 million shares to 513 people at an issuance price of VND10.00/share, increasing the charter capital by VND192.4 billion. The total number of outstanding shares increased to more than 5.3 billion shares, equivalent to an increase in charter capital from VND52,871 billion to VND53,063 billion. The transfer restriction period is 5 years from the end of the issuance, the transfer restriction release period is 50% of the number of shares at the end of the 3rd year and 100% of the number of shares at the end of the 5th year. MB also announced the list of 16 senior officers at the bank who registered to buy ESOP shares. Accordingly, senior officers are expected to buy 3.1 million ESOP shares this time, the largest buyer is General Director Pham Nhu Anh with 547,000 MBB shares. The plan to issue more than 19.2 million ESOP shares to increase charter capital was approved at MB's 2023 annual general meeting of shareholders. However, MB has only implemented it this year. At MB's 2024 annual general meeting of shareholders, it also approved an increase in charter capital of more than VND 8,579 billion. Accordingly, in addition to increasing capital by VND 7,959 billion by paying dividends in shares, MB continues to plan to issue an additional 62 million shares privately, equivalent to an increase in charter capital of VND 620 billion. The implementation period is from 2024 to the second quarter of 2025. Previously, the bank completed the private issuance of 73 million shares to two shareholders, SCIC and Viettel. After completing the above two capital increase plans, MB's charter capital is expected to increase to VND 61,643 billion. Previously, the Board of Directors of Nam A Commercial Joint Stock Bank (Nam A Bank - HoSE: NAB) also received the approval of the State Bank to increase charter capital by a maximum of VND 3,145 billion to VND 13,725 billion. Accordingly, the bank plans to increase charter capital through two forms: issuing shares to increase charter capital from equity capital with a maximum of VND 2,654 billion and increasing capital through issuing shares under the employee stock option program (ESOP) with a maximum of VND 500 billion .

Source: https://www.nguoiduatin.vn/von-dieu-le-mb-vuot-53-000-ty-dong-a668283.html