LPBank plans to buy more than 20 million shares of LPBank Securities

Lien Viet Post Joint Stock Commercial Bank ( LPBank , HoSE: LPB) recently announced the Board of Directors' Resolution approving the implementation of the right to purchase shares offered to existing shareholders of LPBank Securities Joint Stock Company (LPBS).

Accordingly, the number of shares exercised for purchase rights is more than 20 million shares at a price of VND 10,000/share, equivalent to a total purchase value of more than VND 200 billion.

LPBank also informed that in case LPBank Securities fails to successfully issue all of the above-mentioned expected shares, leading to the ownership ratio of LPBank and its subsidiaries and affiliates at LPBS exceeding 11% of charter capital, LPBank will not exercise the right to purchase shares and request LPBS to refund the amount paid.

LPBank Securities is currently offering shares to existing shareholders to increase charter capital. Accordingly, the company plans to issue 363.8 million common shares to existing shareholders, at a ratio of 1,000:14,552 (1 share is entitled to 1 right, shareholders owning 1,000 purchase rights will be able to buy 14,552 new shares.

With the offering price of VND10,000/share, LPBS is expected to raise VND3,638 billion, increasing its charter capital from VND250 billion to VND3,888 billion. All proceeds from the offering will be used to supplement working capital to improve the company's underwriting capacity, investment capacity and margin lending capacity.

On the same day, LPBank also announced an adjustment to the time of the 2024 Annual General Meeting of Shareholders based on the actual situation.

Accordingly, the time of the General Meeting has been adjusted from April 27 to April 17. The General Meeting will be held at 1:00 p.m. The list of shareholders entitled to attend the General Meeting was finalized on February 15.

The congress is expected to be held at Ninh Binh Legend Hotel, 177 Le Thai To Street, Xuan Thanh Urban Area, Ninh Khanh Ward, Ninh Binh City .

Source: https://www.nguoiduatin.vn/lpbank-du-kien-mua-hon-20-trieu-co-phieu-chung-khoan-lpbank-a655879.html