VIB Deputy General Director wants to sell 2 million shares

Vietnam International Commercial Joint Stock Bank ( VIB ) has just issued a document announcing stock transactions of insiders/related persons of insiders.

Accordingly, Mr. An Thanh Son - Deputy General Director/Director of Legal and Corporate Governance of the bank has just registered to sell 2 million VIB shares by order matching and negotiation in the period from October 9, 2024 to November 7, 2024.

The purpose of the transaction is due to personal needs. Before the transaction, Mr. Son had more than 6.69 million VIB shares, equivalent to 0.225% of capital.

If the transaction goes smoothly, the number of shares owned by Mr. Son is expected to decrease to 4.49 million shares, equivalent to 0.157% of charter capital.

VIB stock price movements over the past year.

On the stock market, at the end of the session on October 2, VIB shares decreased by 1.26% compared to the previous session to VND19,550 billion with a trading volume of nearly 8.4 million units.

Since the beginning of the year, VIB shares have increased by 24.57%, from the reference price of VND15,694/share to VND19,550/share with an average trading volume of nearly 5 million units/day.

In a related development, VIB recently reported the results of its share issuance to increase its capital from equity. Accordingly, the bank has distributed more than 431.2 million shares to 29,843 shareholders. The number of odd shares arising according to the rounding principle is 7,368 shares.

VIB's General Meeting of Shareholders previously approved the plan to increase charter capital in 2024.

Accordingly, in addition to issuing 431.3 million bonus shares to existing shareholders, equivalent to 17%, the bank's charter capital will increase by VND4,312.6 billion.

The bank also plans to issue nearly 11.1 million shares under the employee stock option program (ESOP), helping to increase its charter capital by VND110.6 billion.

Bonus shares for shareholders are not subject to transfer restrictions, while shares for employees are subject to transfer restrictions within 1 year. It is expected that after completion, VIB's charter capital will increase from VND25,368 billion to VND29,791 billion.

Source: https://www.nguoiduatin.vn/pho-tong-giam-doc-vib-muon-ban-ra-2-trieu-co-phieu-204241002154206133.htm