MBS amends ESOP, revises share repurchase and transfer policies

MB Securities Joint Stock Company (MBS) announced amendments to its 2025 Employee Stock Ownership Plan (ESOP) regulations through Board of Directors' Resolution No. 94/NQ-MBS-HĐQT, dated October 16, 2025. The revised regulations primarily focus on the repurchase of ESOP shares.

Under the updated terms, the company's ESOP shares, if subject to transfer restrictions, will no longer be restricted upon repurchase by MBS. The total volume of repurchased shares must be reported at the nearest Annual General Meeting of Shareholders. MBS is permitted to resell repurchased shares within 24 hours of completing the buyback. Transparency is emphasized, with MBS required to disclose information on ESOP share repurchases and resales in accordance with legal provisions.

The ESOP involves the issuance of 8,592,194 ordinary shares at a par value of VND 10,000 per share, totaling VND 85,921,940,000. These shares are designated for eligible employees, with transfer restrictions applying for five years from the issuance date, progressively lifting 50% after year three and 100% after year five. The amended regulations are effective from October 16, 2025.