Vietnam’s largest non-public conglomerate Vingroup plans to subject over 6.7 million shares in an worker inventory possession plan (ESOP).
That is the primary time that Vingroup is issuing ESOP shares. Its shareholders accredited the transfer on the group’s annual assembly Thursday. The 6.76 million ESOP shares are equal to 0.2 p.c of its shares excellent.
An ESOP permits firm leaders and employees to buy its shares at a reduction.
Vingroup mentioned that the worker inventory issuance is to encourage and acknowledge its leaders and managers for the dedication to the group, its subsidiaries and member corporations.
The issuance will occur no later than June 2022. All ESOP shares can be unavailable for buying and selling inside a 12 months. The group has not disclosed the problem value.
The group has set a income goal of VND170 trillion ($7.3 billion) for 2021, up 54 p.c year-on-year, and targets a post-tax revenue of VND4.5 trillion, roughly the identical as final 12 months.