MB Securities to launch ESOP, raise VND 85.9 bn for operations

MBS's Board of Directors has approved a resolution to implement an Employee Stock Ownership Plan (ESOP) for its staff. The plan involves issuing 8,592,194 shares at VND 10,000 per share, aiming to raise a total of VND 85,921,940,000. These funds will bolster the company's capital for business operations, particularly for margin lending activities, to enhance market share from 2025 onwards.

The ESOP shares will be subject to a transfer restriction period, with 50% released after three years and the remaining 100% after five years from the issuance date. Unsubscribed shares will be re-allocated to eligible managerial staff at the initial offer price of VND 10,000 per share.

The program includes various allocation criteria based on job title, work performance, seniority, and talent retention, ensuring a fair distribution among employees, including members of the board of directors, supervisory board, and executive board. Employees who cease employment with MBS during the restriction period will be required to sell back their shares to the company at the original offer price or market price, whichever is lower.