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Home Stocks & Market Stocks & Securities SSI prepares dossier to offer 1.5m ESOP shares

SSI prepares dossier to offer 1.5m ESOP shares

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The State Securities Commission of Vietnam (SSC) has recently announced receiving fully dossier from Saigon Securities Inc (SSI) to offer additional shares under the Employee Stock Ownership Plan (ESOP). Accordingly, the broker will issue 1.5 million shares to the company's key staff at the offering price of 10,000 dong per share. According to the resolution of the company's AGM (annual general meeting) 2011, the company will issue five million ESOP shares. In the first phase, SSI will offer 1.5 million shares and limit transferring for one year. Afterward, SSI will offer additional 3.5 million share warrants from the second year to the fourth years with lower price by 25 percent of the average closing price in the seven trading days prior to the issuance date.

Source: www.intellasia.net/news/articles/stock_market/111351321.shtml


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