Techcombank completes the issuance of 6 millions of ESOP shares at 10,000 dong per share

24-Sep-2021 Intellasia | NDH | 5:02 AM Print This Post

Vietnam Technological and Commercial Joint Stock Bank (Techcombank, HoSE: TCB) has announced the completion of the issuance of over six million TCB shares to 238 individuals under the Employee Stock Ownership Plan (ESOP). The transfer of shares is expected in September. The issuance price was 10,000 dong per share.

The transfer of these ESOP shares is restricted in one year in accordance with the current law and other restrictive conditions specified in the regulations from the end date of the issuance.

In November 2020, Techcombank also issued over 4.7 million ESOP shares.

After issuing shares to employees, the maximum ownership rate of foreign investors was also adjusted from 22.4908 percent to 22.4724%.

In 2021, Techcombank continues to not distribute the dividends of year 2020 in order to retain profits for business activities. The bank’s latest dividend payment was in 2018, when the bank paid bonus shares at the rate of 1:2 to shareholders.

Closing the session on September 22nd, TCB share price stood at 50,500 dong per share, down by about 13 percent compared to the peak in July.


Category: Finance, Vietnam

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