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GEX: BOD resolution on planning to sell treasury shares
HOSE - 11/16/2020 4:14:00 PM
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The Board resolution dated November 12, 2020, Viet Nam Electrical Equipment Joint Stock Corporation approved the following contents:

1)      Approving to carry out the plan to sell treasury shares from the stock issuance ESOP:

-          Stock name: Viet Nam Electrical Equipment Joint Stock Corporation

-          Stock type: common share

-          Par value: VND 10,000/share

-          Number of current treasury shares: 18,274,950 shares

-          Number of treasury shares expected to be sold to employees: 12,000,000, equivalent to 2.55% number of outstanding shares

-          Selling price: VND 12,000/share

-          Total value (based on par value): VND 120,000,000,000

-          These shares will be restricted in 03 years from the finish date of the selling.

-          Time of implementation: after being approved by the General Meeting of Shareholders and the Board resolution /Decision of Board of Directors.

-          Trading method: to transfer rights via the Vietnam Securities Depository (VSD).

2)      Approving the list of employees to buy treasury shares is 55 persons.

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