Viet Nam Fumigation Joint Stock Company discloses Board Resolution No.07 of the board meeting held on November 23, 2012:
Article 1: The Board of Directors decided to add and
amend the ESOP regulation “withdrawn ESOP shares regulated at Point 5.5 will be
distributed by ESOP management, the Board of Directors to other staff who
satisfy standard in the regulation of the ESOP”.
Article 2: The Board of Directors approved to plan
issue shares to the staff in ESOP:
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Issue volume: 310,000 shares (or 2.39% of outstanding
shares)
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Stock type: common stock
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Total issue value (based on par value): VND 3,100,000,000
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Source for ESOP: from welfare and reward fund in 2010:
10,860,000 dongs and from bonus and reward to Managing Board and staff in 2011:
2,658,040,000 dongs (shareholders meeting 2012 approved) and from welfare and
reward fund 2011: 431,100,000 dongs.
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Issue price: VND10,000/share
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Limit of transfer period: at least 01 year as per Appraised
Guidance For ESOP plan by Board of Directors.
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Purpose of issuance: VFC’s staffs qualified as per Appraised
Guidance For ESOP plan by Board of Directors
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Method of issuance: as per Appraised Guidance for ESOP plan
by Board of Directors
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Timing: for 03 year starting from 2012 and can be prolonged
until all share are distributed for all member involved in this plan.
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The issue will start after the company gets approval from
the State Securities Commission.
