Bien Hoa Sugar Joint Stock Company (BSJC) discloses an employee stock ownership plan (ESOP) in 2012 as follows:
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Issuer:
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Issuer: Bien Hoa Sugar Joint Stock Company
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Head office: Bien Hoa 1, Bien Hoa, Dong Nai
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Stock code: BHS
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Charter capital: VND299,975,800,000.
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Purpose of the ESOP: to provide incentives for employees.
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The ESOP 2012:
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Stock name: Stock of Bien Hoa Sugar Joint Stock Company
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Stock type: common stock
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Par value: VND10,000/share
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Total shares: 29,997,580 shares
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Total outstanding shares: 29,997,580 shares
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Number of treasury shares: 0 shares
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Number of shares expected to be issued: 1,499,879 shares
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Total par value of shares expected to be issued:
VND14,998,790,000
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Issue ratio: 5% of total outstanding shares
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Financial resource: BSJC’s profit after tax.
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Transfer restriction: the person who is distributed shares
in this issuance will not be allowed to transfer his or her rights to buy
shares. The number of shares issued to employees will be limited to transfer
according to the following schedule: shareholders can transfer 50% of shares
after 01 year from the issue date and then 50% after 02 years from the issue
date.
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Time of implementation: in October 2012.
