Tech group FPT to sell shares to employees

Monday, Mar 30, 2020 15:45

Tech group FPT's facility at the Hoa Lac High-Tech Park in Ha Noi. - Photo

IT group FPT plans to sell shares to employees to thank them for their performance in recent years.

The amount of shares on offer to employees will be equal to a maximum of 0.5 per cent of the group’s total outstanding shares.

FPT has more than 616 million shares listed on the Ho Chi Minh Stock Exchange with code FPT.

However, outstanding shares stand at more than 678.8 million.

Shares will be sold in 2021, 2022 and 2023, and listed as soon as they are sold.

According to the company, the share sale will bring benefits to senior staff who have performed well in the past few years.

The sale will be discussed at the group’s annual shareholder meeting on April 8 at the firm’s facility in the Hoa Lac High-Tech Park, Ha Noi.

The meeting will be held via an online platform amid fears about the spread of the coronavirus.

Investors will need to register for the meeting by 12pm, April 3.

FPT shares tumbled 5.3 per cent to trade at VND40,800 on Monday.

The company has recently announced its total revenue and pre-tax profit in the first two months of the year were VND4.18 trillion and VND698 billion, respectively.

The figures were up 18.4 per cent and 22.4 per cent year on year. – VNS

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