TPB: Board approves a plan for share buyback

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TPB: Board approves a plan for share buyback

HSX - 2/27/2020 4:26:00 PM

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On February 26, 2020, the Board of Directors of Tien Phong Commercial Joint Stock Bank approved a plan for share buyback as follows:

- Maximum number of shares registered to repurchase: 10,000,000 shares (1.17%/charter capital)

- Financial resource: the undistributed profit after tax (in the semi-annual reviewed financial statements until June 30, 2019)

- Trading time: after the State Securities Commission approves the documents of share buyback, expected in Quarter 1/2020 and Quarter 2/2020.

- Trading method: order-matching and put-through.

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