The Board of Directors of Gemadept Corporation has approved an employee stock purchase plan (ESPP) for 2012 as follows:
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Name of stock:
Stock of Gemadept Corporation
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Stock code: GMD
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Stock type: Common
stock (restricted stock)
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Number of ESPP shares for 2012: 1,690,960 shares
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Total issue value:
VND 16,909,600,000 (15% of current charter capital)
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Period of transfer restriction: In 02 first years from the issue date: fully restricted from transfer.
In next two years: allowed to transfer 50% for each year.
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Price determination principle: according to the 2010 annual general meeting; the issue price will
not be lower than par value.
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Issue price:
VND10,000/share
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Time of implementation:
April 2013.
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Plan for capital use:
to increase Gemadept Corporation’s working capital.
