Sea & Air Freight International (SAFI) disclosed its plan to issue 414,499 shares to key staff in the employee stock ownership plan (ESOP).
The employee stock ownership plan :
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Stock: Stock of Sea & Air Freight International (SAFI)
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Stock type: common stock (restricted stock)
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Par value: VND10,000/share
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Total shares: 8,289,981 shares
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Outstanding shares: 8,289,981 shares
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Treasury shares: 0
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Number of shares expected to be issued in this ESOP: 414,499
shares
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Total value: VND 4,144,990,000
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Issue ratio: 5.0% of outstanding shares
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Transfer restriction: 100% of purchased shares will be
restricted to transfer within 02 years from the finish date of the ESOP. In
three year later, holders are allowed to transfer 1/3 of purchased shares in
each year.
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Time of implementation: November 15, 2012.
