TNG plans ESOP to boost capital, retain talent

TNG Investment and Trading Joint Stock Company plans to issue 6,130,060 common shares to its employees through an Employee Stock Ownership Plan (ESOP). The issuance, expected in 2025, aims to increase the company's charter capital, foster long-term employee commitment, and attract skilled personnel. The shares will be issued at VND 10,000 per share, aligning with the par value, bringing the total value of the issuance to VND 61,300,600,000.

This issuance represents 5% of the company's current outstanding shares. These new shares will be subject to a three-year transfer restriction from the end of the issuance period.

The plan is supported by resolutions from the General Meeting of Shareholders and the Board of Directors, which outline the issuance's approval, regulations, and a list of eligible employees. The company commits to full compliance with securities regulations and has appointed MB Securities Joint Stock Company as its consulting organization and Deloitte Vietnam Auditing Co., Ltd. for auditing.