HCM: Announcement of ESOP 2011
Ho Chi Minh City Securities Corporation (HOSE: HCM) has informed of issuing bonus shares to key employees according to the ESOP as follows:
- Issuer: Ho Chi Minh City Securities Corporation
- Stock type: Common stock
- Par value: VND10,000/share
- Offering volume: 1,000,000 shares
- Offering price: VND10,000/Share
- Total offering value: VND10 billion
- Maximum ownership ratio of foreign investors: 49%
- Resource to issue bonus shares: The Corporation’s bonus & welfare fund until December 31, 2010
- Time of transfer:
+ By the end of the first year (12 months after the applying date of ESOP 2011): The maximum transfer ratio of 30%
+ By the end of the second year (24 months after the applying date of ESOP 2011): The maximum transfer ratio of 30%
+ By the end of the third year (36 months after the applying date of ESOP 2011): The maximum transfer ratio of 40%
- Time of implementation: Quarter I/2012
- Purpose of using the funds from the issuance: To finance the working capital.
HOSE
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