MB Securities approves 2025 ESOP, issuing over 8.5m new shares

MB Securities' board of directors has approved its 2025 employee stock ownership plan (ESOP), involving the issuance of 8,592,194 common shares at a par value of 10,000 dong per share. The total expected proceeds from this issuance amount to 85,921,940,000 dong, which will be used to enhance the company's business operations and increase market share, specifically by bolstering capital for margin lending activities from 2025.

The shares will be allocated to members of the board of directors, supervisory board, and employees under labor contracts, based on criteria approved by the board. These ESOP shares are subject to a five-year transfer restriction from the end of the issuance period, with 50% releasable after three years and the remaining 50% after five years. Any unsubscribed shares will be distributed to other eligible employees at the same issuance price, also subject to the transfer restrictions.

The company commits to registering and listing these additional shares on the Vietnam Securities Depository and the stock exchange, respectively, and will update its charter capital and business registration certificate following the successful completion of the issuance.