VietNam Prosperity Joint Stock Commercial Bank (VPBank) has received an office document dated November 28, 2019 by the State Securities Commission. Accordingly, the State Securities Commission announced that it had received enough documents on the use of treasury shares to sell to the Bank’s employees and the adjustment of ownership ratio of foreign investors at the Bank from 22.53% to 22.77% as approved by the 2019 Annual General Meeting of Shareholders dated April 26, 2019 and by the Board of Directors dated November 11, 2019. 

Therefore, VietNam Prosperity Joint Stock Commercial Bank (VPBank) would like to announce the employee stock ownership plan (ESOP) in 2019 as follows:

-       Issuer: VietNam Prosperity Joint Stock Commercial Bank

-       Trade name: VPBank

-       Charter capital: VND25,299,679,660,000

-       Stock code: VPB

-       Par value: VND10,000/share

-       Number of issued shares: 2,529,967,966 shares

Of which:

• Number of outstanding shares: 2,406,748,366 shares 
• Number of treasury shares: 123,219,600 shares

-       Number of shares estimated for ESOP from the treasury shares: 31,000,000 shares    

-       Issue price: VND10,000/share

-       Total issue value: VND310,000,000,000

-       Issue ratio on the outstanding shares: 1.288%

-       Transfer restriction: The newly issued shares will be restricted in 03 years and gradually lifted the restriction in the following proportions: 30% of the shares bought by employees will be transferable after 01 year; 35% after 02 years and 35% after 03 years from the finish date of the issuance.

-       Estimated issue date: in 2019, after the State Securities Commission approves.