SMC Investment Trading Joint Stock Company (SMC) announces the stock issue for the Employee Stock Ownership Plan (ESOP) as follows:
- Stock: Stock of SMC Investment Trading Joint Stock Company
- Stock type: common stock
- Par value: 10,000 VND/share
- Number of issued shares: 54,998,360 shares
- Number of outstanding shares: 54,970,260 shares
- Number of treasury shares: 28,100 shares
- Estimated issue volume: 500,000 shares
- Estimated issue value: 5,000,000,000 VND
- Issue ratio: 0.9% on the outstanding shares
- Financial resource: the undistributed after-tax profit according to the 2018 audited consolidated financial statements.
- Transfer restriction: 100% restricted in the first year; 50% restricted in the second year from the issue date.
- Time of implementation: in July 2019.