Illustrative image
According to information released by the Ho Chi Minh City Stock Exchange (HOSE), two Deputy General Directors of LienVietPostBank (LPBank) have registered to sell nearly 1.2 million LPB shares they own.
Specifically, Mr. Vu Quoc Khanh, Deputy General Director of LPBank, has registered to sell 200,000 shares in the period from March 20th to April 17th for personal needs. Transactions will be carried out by agreement and matching orders. If completed, Mr. Khanh will reduce the number of LPB shares he holds to 1.08 million units, equivalent to 0.04% of the bank’s capital.
Mr. Le Anh Tung, Deputy General Director of LPBank, also intends to sell 952,355 shares with the same purpose, method, and timeframe as Mr. Khanh. If successful, Mr. Tung will no longer own LPBank shares.
As of the closing on March 15th, LPB stock price decreased by 1.19% to 16,550 VND. Based on this price level, the total amount that the two Deputy General Directors of LPBank can earn from selling LPB shares is approximately 19.1 billion VND, in which Mr. Khanh’s portion is 3.3 billion VND and Mr. Tung’s portion is 15.8 billion VND.
Regarding LPBank, the bank is expected to hold its annual General Meeting of Shareholders in 2024 on April 27th in Ninh Binh province.
In addition to regular contents such as activity report, financial report, the 2024 General Meeting of Shareholders of LPBank is also expected to approve two proposals regarding the profit distribution plan for 2023 and the share issuance plan for 2024 to increase charter capital. Currently, the bank has not disclosed detailed information about these proposals.
