The Board resolution dated November 10, 2022, the BOD of KIDO Group Corporation approved the following issues:
- Approving the regulation on stock issuance under ESOP.
- Approving the standard of the Company’s employees to be participated in stock issuance under ESOP.
- Approving the estimated execution time in Quarter IV/2022, after being approved by the State Securities Commission of Vietnam (SSC).
- Approving the plan for stock issuance under ESOP:
- Stock name: KIDO Group Corporation
- Stock code: KDC
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND2,797,413,560,000
- Number of shares issued: 279,741,356 shares; Of which:
+ Number of outstanding shares: 257,224,010 shares
+ Number of treasury shares: 22,517,346 shares
- Number of shares expected to be issued: 10,064,960 shares
- Total value of issuance (at par value): VND100,649,600,000
- Issuance rate: 3.9% of number of outstanding shares
- Issuance price: VND15,000/share
- Time of implementation: expected in Quarter IV/2022, after being approved by the State Securities Commission of Vietnam (SSC).
- Purpose of using capital after the issuance: Total proceeds from the issuance will be used to supplement working capital for the Company’s business activities.
- Approving the proposed roadmap for issuing shares to employees and issuing shares to increase capital from the owner’s equity:
- Stock issuance to employees (ESOP) will be carried out before the stock issuance to raise capital from the owner’s equity
- Stock issuance to raise capital from the owner’s equity will be postponed and will be noticed later.