VIB leaders bought more than 864,000 ESOP bonus shares

According to information announced by the Ho Chi Minh Stock Exchange (HoSE), 5 leaders of VIB (HoSE: VIB) have received bonus shares under the company’s employee selection program (ESOP). Time to make transactions is 30/5.

Mr. An Thanh Son, Deputy General Director cum Director of the Legal and Corporate Governance Department received the most shares with 222,222 shares, raising the share holding rate to 0.219%, equivalent to more than 4.62 million shares. promissory note. Mr. Tran Nhat Minh, Deputy General Director and Director of Technology Services Department with a total trading volume of 217,365 shares of ESOP shares, raising the ownership rate to 0.135%, equivalent to 2.84 million shares.

VIB Chief Accountant Ms. Pham Thi Minh Hue received 202,218 bonus shares, increasing the share ratio to 0.013%, equivalent to 266,360 shares. Mr. Ho Van Long, Deputy General Director and Director of the Financial Services Department, bought 193,365 shares, increasing his ownership rate to 0.436%, equivalent to 9.18 million shares.

Mr. Han Ngoc Vu, General Director cum member of the Board of Directors received 28,857 shares, ownership rate 0.207%, equivalent to 4.37 million shares.

VIB said the number and percentage of shares held before and after the transaction of the above transactions included bonus shares for existing shareholders at the rate of 35% waiting to be returned.

At the 2022 Annual General Meeting, shareholders approved the plan to raise charter capital to over VND 21,076 billion, an increase of 35.7% compared to the end of last year. In which, the bank distributes bonus shares of 35% to existing shareholders and 0.7% to employees from equity.

The increase in capital comes from the bank’s capital needs for investment projects in technology systems, networks, and credit, meeting the capital adequacy ratio in business as prescribed by law. In addition, the ESOP policy is to develop and maintain a qualified human resources team, serving the business and operational activities of the bank.

Bonus shares for existing shareholders are not restricted from being transferred. Bonus shares for employees are restricted from being transferred for one year from the end of the issuance.

Explaining about the one-year transfer restriction period, Mr. Han Ngoc Vu, General Director shared that at the General Meeting of Shareholders, the bank took many measures to retain talents, not applying administrative measures to bind. . The one-year or three-year restriction has nothing to do with talent development because when they want to leave, they are willing to forgo benefits. The policy that VIB is implementing to retain talents is to develop a team of young people who are next to the previous generations, creating conditions for them to develop, have higher positions and positions, and satisfy their increased capacity. their…

Mr. An Thanh Son, Deputy General Director, added that VIB complies with the one-year transfer restriction in accordance with the securities law. However, VIB did not lock in that direction in that one year, if employees quit their jobs, their shares will be withdrawn. The Board of Directors and the bank advocate linking employees with different mechanisms and motivations, not using administrative measures. If the employee leaves for a year, the shares will not be revoked.

VIB stock market price since the beginning of the year. Source: TradingView

At the end of the trading session on June 2, VIB shares were recorded at 26,300/share, down more than 25% from the peak in April.

According to Quang Anh