Nam Mekong Group proposes new ESOP after legal changes

Nam Mekong Group Joint Stock Company (VC3) is holding a written consultation with shareholders to approve adjustments to its 2025 employee stock ownership plan (ESOP). The company's board of directors is proposing to cancel the initial ESOP outlined in Proposal 07, which was approved at the annual general meeting on May 12, 2025. This decision stems from recent revisions to relevant legal regulations that render the original plan incompatible with current laws.

The new proposal involves issuing up to 2,000,000 shares at VND 10,000 per share, totaling VND 20,000,000,000. This represents approximately 1.47% of the company's current charter capital. The funds raised will be used to retain talent, motivate employees, and supplement the company's working capital needs. Shares issued under the revised plan will be subject to a one-year transfer restriction from the date of issuance.

The ESOP targets members of the board of directors, supervisory board, general management, and employees who have signed labor contracts with the company or its subsidiaries by November 30, 2025. Allocation will be based on factors such as position, seniority, and performance, with a coefficient system determining individual share entitlements. The board of directors is authorized to approve the final list of ESOP participants and share quantities, as well as manage any unsold shares and ensure compliance with foreign ownership limits. The implementation is expected to take place in December 2025 and 2026, following shareholder and State Securities Commission approval.