Wednesday, May 22, 2024 8:42:31 PM - Markets open
VN-INDEX 1,266.91 -10.23/-0.80%
HNX-INDEX 245.15 +1.86/+0.76%
UPCOM-INDEX 94.70 +0.25/+0.26%
SSB: SeABank to issue 42 mln ESOP shares
Vietnam News - 10/26/2023 4:48:39 PM
 (0 ratings. You must sign in to rate.)
Southeast Asia Commercial Joint Stock Bank (SeABank) plans to issue shares under the 2023 Employee Stock Ownership Plan (ESOP) for more than 2,000 staff members. 
 
 
This is the fourth time SeABank has introduced ESOP for employees, creating motivation to work effectively, increasing benefits for employees and connecting personnel.
 
The bank will release a maximum of 42 million ESOP shares at a preferential price of VNĐ12,000 a share (US$0.49 a share) to more than 2,000 qualified managers and employees, according to the roadmap approved by the 2023 Annual General Meeting of Shareholders. The shares will be freely transferable at 50 per cent after a year and 100 per cent after two years of ownership. 
 
In 2023, employees who are shareholders of SeABank will also be paid 2022 dividends in shares and receive bonus shares at a total rate of 20.3 per cent.  
 
The ESOP programme has been implemented by SeABank since 2018 to increase employees' attachment to the lender. In previous ESOPs, nearly 4,700 employees enjoyed preferential policies from SeABank.
 
On the stock market, shares of SeABank are traded on the Hồ Chí Minh Stock Exchange (HoSE) with the ticker symbol SSB. SSB closed Wednesday's morning session at VNĐ 25,900 per share. — VNS
 
Read original article here
Newer News
17:04 Finance ministry works with S&P on sovereign credit rating
13/05 Central bank's bid to stabilise gold market hits snag
08/05 Proposal of compulsory non-cash payment for gold transactions controversy
08/05 Three bidders win gold auction at high price
06/05 Bank deposits decline for first time in over two years
06/05 SJC gold price hits all-time high
24/04 Two bidders win the first gold auction this year
24/04 HCM City seeks to draw remittances in infrastructure
24/04 HCM City could issue bonds for overseas Vietnamese to fund infrastructure: conference
19/04 Overseas remittances to HCM City record highest increase in three years
Older News
26/10 Demand for home loans remains modest despite interest rate cut
23/10 Central bank forecast to continually issue bills amid abundant liquidity
19/10 Drastic measures needed to remove Việt Nam from money laundering grey list: Deputy PM
18/10 HCM City banks’ credit growth on steady upward path
16/10 Liquidity of banking system forecast to be abundant in Q4 2023
12/10 Liquidity of private placement for corporate bonds doubles in Sept
11/10 Liquidity of private placement for corporate bonds doubles in Sept
10/10 Savings interest rates continue to fall
10/10 Race to lower deposit interest rates to continue until year end
25/09 Corporate bond market focuses more on quality
 
Newsletter Signup
Top Stories
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,266.91 -10.23/-0.80%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.