National Seed Joint Stock Company disclosed its plan to issue 123,840 shares to key staff in the employee stock ownership plan (ESOP).
The employee stock ownership plan :
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Stock: National Seed 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: 8,256,161 shares
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Outstanding shares: 8,256,161 shares
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Treasury shares: 0
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Number of shares expected to be issued in this ESOP: 123,840
shares
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Total value: VND 1,238,400,000
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Issue ratio: 1.5% of outstanding shares
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Source: profit after tax of 2011
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Transfer restriction: 05 years
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Time of implementation: December 28, 2012.
