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HCM: Information relating to the listing of shares of ESOP 2011
Ho Chi Minh City Securities Corporation (HSC) announced an issuance of 1,000,000 shares for the Employee Share Ownership Plan (ESOP):
On March 29, 2012, the Hochiminh Stock Exchange issued Decision No.32/2012/QD-SGDHCM to approve the listing of 1,000,000 HCM shares. These are the shares issued to key employees in the March 2012 issuance. The effective listing date is April 03, 2012.
All of these shares will be restricted to transfer within 03 years from the finish date of the issuance (from March 08, 2013 to the end of March 08, 2015). The shares of ESOP 2011 will be transferred with the following ratios:
From March 08, 2013 to before March 08, 2014: the maximum transfer ratio is 30% of total issued shares.
From March 08, 2014 to before March 08, 2015: the maximum transfer ratio is 30% of total issued shares.
After March 08, 2015: the transfer ratio is 40% of total issued shares.
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