On August 27, 2024, the State Bank of Vietnam (SBV) issued Document No. 7146/NHNN-TTGSNH allowing EVNFinance Joint Stock Company (EVNFinance) to increase its charter capital.
Accordingly, the SBV has approved of EVNFinance’s request to increase its charter capital by the maximum amount of VND 563,398,630,000 (Five hundred sixty-three billion, three hundred ninety-eight million, six hundred thirty thousand Vietnamese Dongs) by the means of issuing additional shares to pay dividends, and issuing additional shares to its staff and employees in line with an employee stock ownership plan (ESOP) adopted by the Annual General Shareholders’ Meeting of EVNFinance in Resolution No. 01/NQ-DHDCD-TCDL dated March 15, 2024, and approved by the Board of Directors of EVNFinance in Resolution No. 41/NQ-DHDCD-TCDL dated June 20, 2024.
This Document is valid within 12 months from the date of its signing. The Document shall cease to be valid in case the General Shareholders’ Meeting of EVNFinance adopts a new change in the recapitalisation plan which has already been approved by the SBV, or in case EVNFinance's recapitalisation plan is not implemented as scheduled.
HP