Vinacomin Minerals approves share buyback for employee stock program

The board of directors of Vinacomin - Minerals Holding Corporation (VIMICO) has approved a resolution to repurchase 50,000 shares from employees whose employment contracts have been terminated prematurely. The transaction is expected to be completed by February 28, 2026.

The purpose of this buyback is to reacquire shares issued to employees during VIMICO's equitization process. The company currently holds no treasury shares and plans to use its available capital for the repurchase. Shares will be acquired at a price of 10,500 VND per share, matching the initial equitization price.

The transaction will be facilitated through the Vietnam Securities Depository and Clearing Corporation (VSDC). Following the repurchase, these shares will be recorded as treasury stock on VIMICO's balance sheet, impacting the company's capital structure.