TPBank continues to adjust capital raising plan

17-Sep-2020 Intellasia | Tri Thuc Tre | 6:02 AM Print This Post

The Board of directors of Tien Phong Commercial Joint Stock Bank (TPBank TPB) as issued a Resolution on September 14th 2020 approving the policy of collecting shareholders’ opinions in writing of the content on adjusting the plan to increase charter capital in 2020.

The last registration date for making the list of shareholders having the right to get written opinions is October 5th 2020. The time for collecting opinions is expected from October 9th to October 20th 2020. The document for taking shareholders’ opinions has not been announced.

Previously, in July and August, TPBank also consulted shareholders about the increase of charter capital and was approved by shareholders. Accordingly, the bank plans to raise its charter capital from 8.566 trillion dong to 10.717 trillion dong with two options.

For the first option, the bank will issue an addition of 181 million shares to increase charter capital by more than 1.811 trillion dong. For the second option, the bank will issue nearly 34 million shares under Employee Stock Ownership Plan (ESOP) to increase charter capital by 339.7 billion dong.

The plan approved in August has a big difference from the plan approved at the 2020 Annual general Meeting (AGM) of TPBank in June. At the AGM, TPBank’s shareholders agreed to the plan to increase charter capital from 8.566 trillion dong to 10.199 trillion dong by paying share dividends at the rate of 20%.

 


Category: Finance, Vietnam

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