The Board of directors of Vietnam Prosperity Commercial Joint Stock Bank (VPBank VPB) has issued a Resolution on closing the shareholder list for collecting written opinions.
Accordingly, the bank wants to consult shareholder about buying treasury stocks in 2020. The last registration date is April 20th 2020, and the expected implementation time is in April 2020.
In 2019, VPBank managed to buy 50 million VPB shares to stabilise the stock price, raising the total volume of treasury shares to 123 million units. After that, the bank used 31 million treasury shares to distribute to employees at the price of 10,000 dong per share. In particular, VPBank’s general director Nguyen Duc Vinh was entitled to purchase 16.4 million shares, accounting for up to 53 percent of the offer volume.
Closing the session on March 30th, VPB share price was 18,200 dong per share. VPB is one of the banking stocks that recorded the largest decline in March, in the context when the entire market has been plummeting due to the impact of the Covid-19 pandemic. In March, VPB stock price dropped by nearly 50%.
