VHC: VINHHOAN CORP to issue 197,790 shares for ESOP

Vinh Hoan Corporation (VINHHOAN CORP) disclosed its plan to issue 197,790 shares to key staff in the employee stock ownership plan (ESOP).

The employee stock ownership plan :

-  Stock: Stock of Vinh Hoan Corporation

-  Stock type: common stock

-  Par value: VND10,000/share

-  Total shares: 61,404,913 shares

-  Outstanding shares: 60,206,163 shares

-  Treasury shares: 1,198,750 shares

-  Number of shares expected to be issued in this ESOP: 197,790 shares

-  Total value: VND1,977,900,000

-  Issue ratio: 0.33% of outstanding shares

-  Financial resource for the issuance: retained earnings of 2008

-  Transfer restriction: shares will be restricted for transfer within 5 years from the completion day of the issue. After every year, 20% of shares will be transferred.

-  Time of implementation: in Quarter 3, 2014.

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