Tasco shareholders approve share transfer to VIAC, tender offer exemption

Tasco Joint Stock Company (HNX:HUT) announced its shareholders, through a written consultation, approved the continued transfer of shares to new investors and an exemption from public tender offers. The resolution, based on a proposal from the board of directors dated October 5, 2025, received 65.539% of the total voting shares. The consultation, held on October 24, 2025, saw participation from 77 shareholders representing 325,013,175 voting shares, which constituted 65.868% of the total eligible voting shares.

The approved plan specifically allows for the transfer of shares by existing Tasco shareholders to VIAC (NO. 1) LIMITED PARTNERSHIP. This includes a waiver of the public tender offer requirement, even if VIAC's ownership reaches or exceeds thresholds that would typically trigger such an offer. VIAC (NO. 1) LIMITED PARTNERSHIP, established in Singapore, has committed to holding the acquired Tasco shares for the remaining lock-up period stipulated in Resolution No. 23/2023, which extends until August 31, 2028.

The share transfers will be executed via agreements on the stock exchange or other legally compliant methods, subject to the board of directors' discretion in managing the process and reporting results at future General Meetings. The company recorded 323,390,877 votes in favor, 1,372,200 against, and 250,098 abstentions out of the 493,433,061 total valid voting shares.