PVD: PV DRILLING CORP to issue 2,000,000 shares for ESOP

Petrovietnam Drilling & Well Service Corporation (PV DRILLING CORP) disclosed its plan to issue 2,000,000 shares to key staff in the employee stock ownership plan (ESOP).

The employee stock ownership plan :

-         Stock: Stock of Petrovietnam Drilling & Well Service Corporation

-         Stock type: common stock

-         Par value: VND10,000/share

-         Total shares: 248,508,215 shares

-         Outstanding shares: 248,159,735 shares

-         Treasury shares: 348,480 shares

-         Number of shares expected to be issued in this ESOP: 2,000,000 shares

-         Total value: VND 20,000,000,000

-         Issue ratio: 0.81% of outstanding shares

-         Transfer restriction: 01 year

-         Time of implementation: from October 23, 2013 to November 25, 2013.

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