Many banks have recently announced they will issue a large number of shares under the employee stock ownership plans (ESOP) to retain good employees and increase capital.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to issue nearly 33.7 million shares for its employees in the form of an employee stock ownership plan (ESOP) at the price of VND10,000 per share.
The State Capital Investment Corporation (SCIC) has asked for the Prime Minister’s approval of Vinamilk’s plan for an Employee Stock Ownership Programme (ESOP) in the 2018-21 period.
Saigon Securities Inc is seeking shareholders’ approval for its plan to issue 1.2 million convertible bonds and 10 million ESOP (employee stock ownership programme) shares.
Masan Consumer Corporation will issue nearly five million shares to its staff under the Employee Stock Ownership Plan (ESOP) programme in July, the company has announced.
Masan Group Corporation (MSN) posted better revenue and profits but
decided not to pay dividends for 2015 at the annual general shareholder
meeting in HCM City yesterday.
Senior executives and management may receive shares from the Employee
Stock Ownership Plan (ESOP) at reduced interest this year, Mobile World
Investment Corporation (MWG) proposed at its shareholder meeting
yesterday.
Nguyen Duc Tai, chairman and CEO of Mobile World Investment Co (MWG),
is reported to have received 387,700 shares in the company under its
employee stock ownership plan (ESOP), worth around VND42.3 billion (US$2
million).
A growing number of listed companies are launching Employee Stock
Ownership Plans (ESOP) in a bid to increase their charter capital while
providing incentives to retain qualified employees.